The Federal Government’s bond for the month of February worth ₦150 bln which was offered on Wednesday was oversubscribed by over ₦84 bln. The Debt Management Office disclosed on Thursday that the trend of oversubscription at the FGN bond auctions for the year continued, after the three instruments for five, seven and 10-year tenors, with […]
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Director-General, Debt Management Office, DMO, Ms. Patience Oniha, yesterday, indicated that the second tranche of ₦100 billion Sukuk bond would be floated before end of 2018. Sukuk or Islamic bond is a financial instrument structured to generate returns to ethical investors without infringing on the Islamic law, which forbids interest payments on loans. Oniha told […]
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The financial markets ended last week with some optimism of revived demand for FGN bonds and treasury bills in the secondary market this week, anchored on expectation of increased excess liquidity in the interbank money market due to inflow of ₦364 billion from maturing treasury bills. Last week the decline in yields on FGN bonds […]
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The ₦60 billion Federal Government Bond put on offer yesterday by the Debt Management Office (DMO) was over-subscribed to the tune of ₦6.7 billion, with a total subscription of ₦66.7 billion. The over-subscription was a demonstration of a strong appetite for the federal government bonds by investors. June 2018 Bonds which were auctioned yesterday were […]
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Investors appetite for the newly introduced Federal Government of Nigeria, FGN, Savings Bond (FGN-SB or Savings Bond) has eroded by 88 percent as at November, 2017. But the Debt Management Office (DMO), the issuers of the bond, and market analysts are divided over the performance. Vanguardngr analysis of the allotment results of the Bond from […]
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A bond, according to Nairametrics is a fixed income debt instrument issued by the government (federal or state government) or corporate institutions with a definite date of maturity and a fixed interest payment (known as coupon) payable either semi-annually or annually. The government usually issue bonds at the primary market to raise domestic funds to […]
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Nigeria’s Federal Government has raised ₦6.3 billion through the issuance of monthly Federal Government of Nigeria Savings Bond in the last seven months, the Debt Management Office has said. The new bond was introduced to the country in March and the last offer was made about two weeks ago and lifted the contribution of the […]
Read More Scarcity of funds which pervaded the interbank money market towards end of last week will likely to deepens this week as the Debt Management Office (DMO) issues ₦135 billion worth of FGN bonds. Last week, the money market experienced acute scarcity of funds as the Central Bank of Nigeria (CBN) stepped up its liquidity mop […]
Read More The Debt Management Office (DMO) has raised ₦106 billion through the Federal Government of Nigeria (FGN) Bonds. The funds raised will support the implementation of the Federal Government’s ₦7.44 trillion 2017 budget, which has an allocation of ₦2.36 trillion to capital expenditure. The funds were raised after the DMO, in line with its mandate, conducted […]
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The total bond activities for the Federal Government and corporate entities for the month of June this year closed at ₦193.399m, the Nigerian Stock Exchange said in its monthly report released on Friday. The report showed that on the Federal Government’s side, the total bonds traded amounted to ₦24.648m, while the corporate bonds/debenture for the […]
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The total pension assets under the Contributory Pension Scheme rose to v6.4tn at the end of April this year. Figures obtained by correspondent from the National Pension Commission revealed that 55 per cent of the fund, totalling ₦3.6tn, was invested in FGN bonds. According to the commission, the fund rose from ₦4.6tn at the end […]
Read More Director General of Debt Management Office (DMO), Dr. Abraham Nwankwo, has said the administration of President Muhammadu Buhari is set to empower every Nigerian economically with the newly introduced Federal Government of Nigeria Savings Bond (FGNSB). He made the disclosure in an interview with journalists shortly after a grassroots sensitisation workshop on the FGNSB held […]
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