DMO to auction N800bn bonds at N1,000 per unit
The Debt Management Office has announced a public offer of three Federal Government bonds worth N800 billion, priced at N1,000 per unit. The offer includes a N400 billion bond at 17.95% interest maturing in 2032, alongside two others valued at N300 billion and N100 billion with yields close to 20 percent. According to the agency, […]
Senate backs Tinubu’s $21.5bn external borrowing plan, approves multiple loan, bond requests
The Nigerian Senate has approved President Bola Tinubu’s borrowing plan for 2025 and 2026. This plan includes taking loans from foreign sources to support government spending and development. The loan request includes $21.5 billion, €2.2 billion, and 15 billion Japanese Yen. In addition to these loans, Nigeria will receive a grant of €65 million. The […]