FG Rules Out Eurobonds In 2019 The Federal Government has no plans to return to the Eurobond market this year, after a sixth outing in November raised $2.86bn, the Debt Management Office said on Tuesday. Nigeria approved a three-year plan in 2016 to borrow more from...

DMO Includes Eurobonds On FMDQ, Nigerian Stock Exchange   The Debt Management Office (DMO) last Friday, listed the first Eurobonds on the FMDQ Securities Exchange and Nigerian Stock Exchange (NSE) platforms. The DMO, on behalf of the Federal Republic of Nigeria (FRN), listed dual-tranche $2.50 billion and...

FG considers $2.5bn Borrowing Via Eurobonds The Federal Government will consider raising $2.5bn through Eurobonds in the first quarter to refinance a portion of its domestic Treasury bill portfolio at lower cost, the Director-General, Debt Management Office, Patience Oniha, has said. According to Oniha, the issue...

President Muhammadu Buhari last week wrote the National Assembly seeking approval to borrow $29.96 billion under the External Borrowing (Rolling) Plan to address the infrastructure deficit in the health, education, water resources and other sectors. The president’s letter, which was read at plenary by the...

In its bid to stimulate development and lift the economy out of the murky waters of recession, the federal government has decided on a comprehensive foreign borrowing, but not without reactions from stakeholders in the economy. The federal government’s intention to borrow $29.9 billion has...

In order to finance the 2016 budget, the Federal Government is to raise $1bn through the issuance of Eurobonds by November, investigation has shown. The amount to be raised from the international bonds market is part of the $4.5bn that the Federal Government plans to...