Nairametrics
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
  • Markets
    • Cryptos
    • Commodities
    • Equities
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Industries
    • Company News
    • Consumer Goods
    • Content Partners
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Tech News
  • Economy
    • Get Data
    • Macro-Economic News
    • Research Analysis
  • Business News
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
No Result
View All Result
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
  • Markets
    • Cryptos
    • Commodities
    • Equities
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Industries
    • Company News
    • Consumer Goods
    • Content Partners
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Tech News
  • Economy
    • Get Data
    • Macro-Economic News
    • Research Analysis
  • Business News
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
No Result
View All Result
Nairametrics
No Result
View All Result
Home Business News

FG may issue green bonds next month

Onome Ohwovoriole by Onome Ohwovoriole
May 26, 2017
in Business News
Nigeria external reserve, CBN
Share on FacebookShare on TwitterShare on Linkedin

The federal government may issue the first tranche of green bonds next month. UN Deputy Secretary-General and former Minister of Environment Amina Mohammed stated this at a UN conference in Mexico. Here is a summary of what we know about the bonds:

  • The bonds may be launched in a few weeks.
  • The launching was put on hold due to the budget not being passed.
  • The green bonds will be the first in sub-Saharan Africa.
  • The first bond is expected to raise N20 billion.
  • The second tranche of the bonds may be issued in September.

A green bond is a fixed income instrument for the purpose of raising debt capital. In addition, it specifies that proceeds of the bond will be used for ‘green’ or environmentally friendly purposes. The first green bond was issued by the European Investment Bank (EIB) in 2007 and it raised $400 million. The Climate Bond Initiative in 2009 issued the green bond principles which have been adopted as a benchmark for the definition of green projects. Globally, over $31 billion worth of green bonds have been issued since 2007.

Nairametrics had written about the green bond project earlier in the year. A crash in crude oil prices, has led to a massive fall in government revenue. Government has thus had to ramp up borrowing to finance critical projects.

RelatedPosts

The last speech delivered by HE Mohammad Sanusi Barkindo (RIP)

FCCPC to sanction DisCos for service failures, non-compliance with power sector rules

Related

Comments 1

  1. Anodebenze says:
    May 27, 2017 at 3:17 pm

    As in haven is what going to happen in our world,for how long various govt wanted to implement this green bond,you have only next year to do any thing on how to win the next election, sometimes knowledge is power but can you control this power or knowledge.we thank God the annual budget have been passed by the nass pending the signature of the vice-president.
    However did somebody said the vice-president is jetting to Italy to meet member of g7,i wonder when Nigeria is a member of g7.who are the member of g7,those who rapes and destroy Africa by trading in black African slaves and colonization exploiting our natural resources,and they wants Nigeria to join this g7 by hand and in hip.give it time,when Africa resurrects,we will know and repays Africa,what Africa gave to humanity.
    We Nigerian demands nothing f from you,we do not want any reparation,we want to be respected and given to us the honour due to us,the british people and the americans can not pay us no money in pound and dollar,for the pains and sorrows ,they caused us.just stay in your country and live your lives you wanted to live,we Africans wanted to live in peace and leave us,because one day the mouth that speaks evil,hypocricy and arrognance will eat their word,very soon

    Reply

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Mega Millions
Hot forex
Cornerstone
Polaris Bank
Access Bank
Bankers Committee
First bank


FCMB




    Business News | Stock Market | Money Market | Cryptos | Financial Literacy | SME |

    Recent News

    • The last speech delivered by HE Mohammad Sanusi Barkindo (RIP)
    • FCCPC to sanction DisCos for service failures, non-compliance with power sector rules
    • Kuje prison attack: I am disappointed with intelligence system – Buhari

    Follow us on social media:

    Recent News

    Profile of Mohammed Sanusi Barkindo, the late OPEC secretary general

    The last speech delivered by HE Mohammad Sanusi Barkindo (RIP)

    July 6, 2022
    Babatunde Irukera

    FCCPC to sanction DisCos for service failures, non-compliance with power sector rules

    July 6, 2022
    • ABOUT US
    • CONTACT US
    • PRODUCTS
    • ANDROID APP
    • iOS APP
    • DISCLAIMER
    • CAREERS
    • PRIVACY POLICY

    © 2022 Nairametrics

    No Result
    View All Result
    • Home
    • Exclusives
      • Financial Analysis
      • Corporate Stories
      • Interviews
      • Investigations
      • Metrics
    • Markets
      • Cryptos
      • Commodities
      • Equities
        • Dividends
        • Stock Market
      • Fixed Income
      • Market Views
      • Securities
    • Industries
      • Company News
      • Consumer Goods
      • Content Partners
      • Corporate deals
      • Corporate Press Releases
      • Energy
      • Entertainment
      • Financial Services
      • Hospitality & Travel
      • Manufacturing
      • Real Estate and Construction
      • Tech News
    • Economy
      • Get Data
      • Macro-Economic News
      • Research Analysis
    • Business News
    • Financial Literacy
      • Career tips
      • Personal Finance
    • Lifestyle
      • Billionaire Watch
      • Profiles
    • Opinions
      • Blurb
      • Op-Eds

    © 2022 Nairametrics

    Social Media Auto Publish Powered By : XYZScripts.com