Fed Govt Seeks To Manage N150bn Unclaimed Dividends         The federal government is proposing to take over the management of over N150 billion unclaimed dividends and unutilised bank balances. The proposal is contained in the 2020 Finance Bill, currently being considered by the National Assembly. Speaking at a...

DBN Disburses N150bn To MSMEs In Three Years       The Development Bank of Nigeria (DBN) has disbursed over N150 billion since it commenced operations in 2017, the Federal Government has disclosed. The disbursement was done through 27 participating financial institutions, for onward lending to MSMEs across the...

FG To Auction N150bn Bonds Next Week     The Debt Management Office has said the Federal Government will auction N150bn worth of bonds by subscription on August 19. A circular by the DMO on Tuesday showed the breakdown of the figure to include a N25bn 10-year reopening...

‘Over-subscription Of N150bn Sukuk Confirms NSE’S Absorptive Capacity’   Stockbrokers at the Nigerian Stock Exchange (NSE), have described the recent oversubscription of the Sukuk Ijarsh, as a confirmation of the market’s absorptive capacity, urging the Federal Government to float more fixed income securities to finance infrastructure...

FG’s N150bn Sukuk Records N669.12bn Subscription     Nigeria’s N150 billion third sovereign Sukuk issuance recorded oversubscription of N519.12 billion, sustaining a trend of oversubscription that started with the maiden issuance 2017. The Debt Management Office (DMO), which oversees debt issuance by the Federal Government, at the weekend...

Fed Govt To Auction N150bn Bonds   The Debt Management Office has said the Federal Government will auction N150bn worth of bonds by subscription on June 17. A circular by the DMO on Tuesday showed that a N40bn five-year reopening bond maturing in April 2023 would be...