The Central Bank of Nigeria is planning to borrow the sum of N952.04bn ($3.02bn) with new issues of Treasury Bills from September 15 to December 1, 2016. In its latest TBs issuance calendar, the CBN said it would sell N264.47bn worth of three-month bills, N204.88bn...

The Federal Government is planning to borrow N120bn ($387m) in local-currency denominated bonds at an auction on September 14, the Debt Management Office has said. The DMO said it would raise N40bn each from debt maturing in 2021, 2026 and 2036, using the Dutch auction...

A total of 463.1 million financial transactions worth N33.87trn were settled by the banking sector between January and July this year, figures released by the National Bureau of Statistics have revealed. The NBS stated this in a report on the electronic payment channels in the...

The Federal Government on Wednesday at an auction raised N110bn worth of bonds maturing in 2021, 2026 and 2036, the Debt Management Office said According to DMO’s auction result obtained from its website on Wednesday, it sold N40bn of 2021 paper at 14.50 per cent. It...

The Federal Government is set to borrow $1bn from the international capital market to fund its expansionary budget and stimulate economic growth as inflation, slow growth and other challenges continue to hit the economy. Consequently, the Debt Management Office is seeking two lead managers and...

Even as the Nigerian economy struggles to stay afloat, the nation is spending huge amounts of money to service debts owed different creditors, with domestic debts taking a chunk of available resources, The Punch Reports. The cost of servicing the Federal Government’s increasing domestic debt...