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Tuesday, July 7, 2020

Nigeria reports N50.45bn May bonds auction, lower than N70 billion target

The Federal Government has recorded N50.45 billion from its May bonds auction, lower than the N70 billion it targeted to raise, the Debt Management Office (DMO), has said. According to the auction result obtained from the DMO website on Thursday in Abuja, the Federal government...

Nigeria returns to debt markets with $1bn bond

Government plans infrastructure investment in recovery plan Nigeria has successfully gone to the bond markets in an effort to get infrastructure investment back on track as a rising oil price and government promises on reform have improved sentiment. Investor interest in the west African nation’s $1bn...

Covid-19 pandemic could spur Nigeria’s fresh demand for diaspora bond

Devastating impact of the coronavirus pandemic could fuel Nigeria’s fresh interest in so-called diaspora bonds that allow migrants to support their countries of origin, experts from the World Bank and others, Naija247news has learned. Dilip Ratha, the World Bank’s lead economist on migration and remittances,...

Nigerians urged to buy first-ever $300m Diaspora Bond

Senior Special Assistant to the President on Foreign Affairs and Diaspora, Hon. Abike Dabiri-Erewa,  has urged all Nigerians to take advantage of the first ever Diaspora offer by buying into the bond, according to a statement issued by her Media Assistant, Abdurrahman Balogun. The Debt...

Nigeria’s Bond Yields Compress Slightly on Lower Inflation Expectations

***Oil Prices Hit Highest Level since 2014 as Trump Tweets on Syria*** - NBS Bonds The Bond market witnessed renewed improvement  in trading activities, with yields compressing by  c.4bps on average , as initial strong bullish sentiments, largely due to lower inflation rate expectations were moderated...

Nigeria’s Proposed Eurobonds Assigned ”B” Issue Ratings

S&P Global Ratings said today that it has assigned its 'B' long-term issue ratings to the proposed U.S. dollar-denominated Eurobonds to be issued by the Federal Republic of Nigeria (B/Stable/B). The amount and interest rate, among other details of the bond, will be...

Nigeria Stock Exchange hosts Private Investors parley on Green Bonds investments

As part of its efforts in serving as a platform for strategic investments, wealth creation and providing liquidity through the capital market, the Nigeria stock exchange today hosted the “Sovereign Green Bonds” summit, facilitating a strategic engagement between the Federal government and private sector...

Nigeria to raise 1.13 trln naira Treasury bills in Q2

LAGOS, March 7  - Nigeria plans to sell 1.13 trillion naira ($3.70 bln) worth of treasury bills between March 16 and 1 June, a central bank debt calendar showed. The bank aims to auction 243 billion naira in 91-day bills, 198 billion in 182-day and...

Nigerian govt makes N345.75 million from savings bond in March, April – DMO

The federal government said it made N345.75 million from sales of savings bond in March and April. The results of the sales published on website of the Debt Management Office (DMO) on Thursday in Abuja, showed that N151.82 million was allotted in March and N193.93...

DMO Suspends April 2020 FGN Savings Bond Offer

His Excellency, President Muhammadu Buhari, GCFR, during a nation-wide broadcast on the Coronavirus (COVID-19) yesterday announced restrictions of movement in the Federal Capital Territory (FCT), Lagos and Ogun States. The restriction of movement was based on the need to keep the populace safe and...
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