Fed Govt offers N450b bonds to investors The Federal Government is seeking to raise N450 billion from the investing public in a new debt issuance aimed at bridging government’s deficit and deepening the domestic capital market. It was learnt last night that the Debt Management Office...

FG Misses Target, Raises N1.5tn in Two FGN Bond Offers The Federal Government raised N1.5tn through bonds at its February auction instead of the N2.5tn it was targeting. The Debt Management Office (DMO) in a press release on Tuesday disclosed that the 2031 bond had a...

FG to Borrow N2.5tn through Bonds – DMO The Federal Government is seeking to raise N2.5tn in its second FGN bonds auction of the year. Debt Management Office in a circular issued on Wednesday, stated that the offerings consisted of N1.25tn with a maturity date of...

$1.5bn Loan: Time to Rethink Debt Strategy, Relationship with Bretton Woods By Zekeri Idakwo In a desperate bid to save the Naira, the Nigerian government has yet again turned to the World Bank for a loan of $1.5 billion. Is this just another band-aid solution, or...

FGN Savings Bond Draws Investors with 19% Rise Investors’ interest in the FGN Savings Bond seems to be growing as the value of subscription rose by 19.3 % to N17.9 billion Year-on-Year (YoY) as at end December 2023, a situation attributed to favourable interest rate...

How External Debt Servicing Gulped $3.07bn in 10 Months – CBN Latest data obtained from the Central Bank of Nigeria (CBN) has revealed that Nigeria spent about $3.07 billion towards servicing external debt. This represents a 38 per cent increase, higher than the $2.22 billion spent...