Fed Govt Plans More Borrowing From Domestic Sources       The Federal Executive Council at its meeting on Wednesday approved a new Medium-Term Debt Management Strategy for Nigeria, for the period of 2020 to 2023. The strategy allows the government to borrow more from domestic sources. The Debt Management...

Fed Govt’s January Bonds Oversubscribed By N88.28bn       The Federal Government’s bonds for January worth N150bn which were auctioned on Wednesday were oversubscribed by N88.28bn, the Debt Management Office disclosed on its website. The total subscription received from investors for the bonds was N238.28bn, comprising of N91.84bn...

Nigeria Owes Domestic Investors N15.8trn         The Federal Government is owing N15.85 trillion in domestic debts, with almost three-quarters of the debts due to bondholders. The fixed-return debts place obligation on the government to make regular interest or coupon payment and redemption as at when due. The latest...

Fed Govt Borrows Over N2trn From Bond Investors In 2020       Leveraging on excess liquidity that persisted in the banking system and the near zero yields on treasury bills (TBs), the Federal Government, through the Debt Management Office (DMO), raised N2.1 trillion from investors in its...

Fed Govt’s December Bond Oversubscribed By N70bn       The Debt Management Office (DMO) said the N60 billion bond it offered for December had been oversubscribed by more than N70 billion. This was contained in a statement obtained from DMO’s website yesterday. “DMO offered N60billion at the FGN Bond...

Finance Minister, Shareholders Disagree Over N150bn Unclaimed Dividends         The Minister of Finance, Budget and National Planning, Mrs Zainab Ahmed, yesterday, disagreed with the Independent Shareholders Association of Nigeria over plans by the Federal Government to take over unclaimed dividends worth over N150billion in the country. While...