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DEBT MANAGEMENT OFFICE
The CBN disclosed that the Federal Government paid $1.09 billion to service its debts between January and September 2019.
It has been disclosed that the FG would put a stop to borrowing from the international market as the government opted for the domestic debt market.
The IMF has predicted better times for Nigeria, stressing that financial conditions in Nigeria favoured more foreign investments.
The debt stock of states in Nigeria rose to N5.27 trillion in June 2019. This is reflected in the report released by the DMO for the Q2 2019.
Nigeria’s total debt stock rose to N27.7 trillion (US$83.8 billion) as of the end of June 2019.
The CBN recently mandated Commercial Banks in the country to maintain a minimum Loan to Deposit Ratio (LDR) of 60% by 30th September 2019.
The NSE (“NSE or The Exchange”) is pleased to announce the listing of the Federal Government of Nigerian (FGN) N15 billion Green Bond.
The BIS has gone ahead to launch an open-ended fund for investments in green bonds for central banks across the globe.
The LCCI has reacted to World Bank’s plans on disbursing another fresh loan of $2.5 billion or N767.3 billion to Nigeria.
The Federal Government has listed savings bonds valued at N296 billion on the Nigerian Stock Exchange (NSE)
@DMONigeria has listed N100 billion Sukuk bonds on the @nsenigeria. The Sukuk is a type of bond that doesn't apply interest rate but an investor earns profit from investment or rental from the asset.
According to data obtained from DMO, commercial loans gulps 58.99% of the $357.26m the Federal Government spent on debt servicing in 2019 Q1.