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Saturday, July 11, 2020

FMDQ Lists N10.69bn Pioneer FGN Green Bond

The FMDQ OTC Exchange today listed the pioneer FGN Green Bond valued at N10.69bn at 13.48% fixed rate yield for a 5 year tenure. Described as a significant leap for innovating financing in the Nigerian financial market, the Nigerian Green Bond is the first...

Nigeria targets $682 million from green bond issuance programme to fight climate change

LAGOS, July 20 - Nigeria’s debt office will devise a green bond programme before the end of 2018 to raise funds for environmental projects, a junior minister for the environment said on Friday. Ibrahim Jibril said the capital market could see issues of around...

UPDATED: Nigeria seeks to reduce dollar dependence; ask Banks to submit bids for Chinese Yuan

LAGOS, July 20 - Nigeria’s central bank asked lenders on Friday to submit bids for the Chinese yuan, traders said, in the first auction after it agreed a $2.5 billion swap with its Chinese counterpart in May. Nigeria is Africa’s biggest nation by population and...

Nigeria offers 2 savings bonds at 10.48%, 11.48%

By Folasade Folarin Abuja – The Federal Government on Monday offered for subscription a two-year savings bond at 10.48 per cent and a three-year savings bond at 11.48 per cent, the Debt Management Office (DMO) has said. According to the offer circular on the...

May 2018 FGN Savings Bonds Offer for Subscription

Pursuant to the Debt Management Office (Establishment) Act 2003 and the Local Loans (Registered Stock and Securities) Act, CAP. L17, LFN 2004 Debt Management Office on behalf of the Federal Government of Nigeria Offers for Subscription and is authorized to receive applications for the...

Nigeria must prepare to qualify for IFC’s $3 billion green building investment portfolio

The International Finance Corporation (IFC) Country Manager in Nigeria, Eme-Essien Lore has assured that as a developing nation, Nigeria is well qualified to benefit from the corporation’s more than $3billion green building investment portfolio if concrete arrangement and understanding are put in place. According to...

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...

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...

FG makes N90 bn from bonds in April auction

The Federal Government allotted N90 billion in its April auction, the Debt Management Office (DMO) said on Wednesday. The auction result obtained from DMO’s website in Abuja, said it sold N12.75 billion in seven-year bonds at 13.53 per cent and N38.96 billion 10-year bond at...

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...
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