Tag: Patience Oniha

After an impressive outing Tuesday, during which the government raised $4 billion, the government says it will monitor the market.

The director general of the Debt Management Office says the country is open to issuing 30-year plus bonds.

DMO said the clarification was necessary to show that China is not a major source of funding for the Nigerian ...

About a fortnight ago, the Senate also gave its nod to the borrowing plan requested by the president.

All the appointments take immediate effect.

On Tuesday, the Executive Board of the IMF, during its special meeting to consider Nigeria’s request, gave approval to the ...

The debt management office says President Buhari simply changed the sourcing of the loan from external to local.

The Committee raised alarm over rising public debts, which it noted, were growing faster than both domestic and external revenues.

The agency says the federal government is responsible for 80 per cent of the debt.

The two-year bond will be due in August 2021, while the three-year bond will be due in August 2022.

The agency said the results of the offer for N15 billion yielded a total subscription value of N32.93 billion.

The agency says the bulk of the subscriptions came from asset managers and insurance companies.

The bond will mature in April 2049.

The government says it will borrow more from concessional sources tied to specific projects.

Marketers warn of withdrawal of services if government fails to meet their demands.

An official says the processes for payment are ongoing.

The funding was part of the N793 billion also borrowed from the domestic market this year.

The DG says in spite of the debt figure, the country’s debt profile is still within the World Bank approved ...

The government listed the projects to be executed.

The N100 billion is meant for construction of 25 roads across Nigeria.

The government says money is intact.

The minister said 17 coaches are expected to arrive in November.

Projects in each geo-political zone will gulp about N16.67 billion.

The Agency says the Eurobond issuance will complement the 1.5 billion dollars raised from the international market in March 2017

The seven-year sukuk attracted a subscription of N105,878,320,000, according to the DMO.