Nigeria’s Debt Management Office (DMO) is set to open fresh subscriptions for Federal Government bonds, targeting N460 billion from the domestic market as authorities intensify local borrowing to sustain fiscal financing needs following a successful return to the Eurobond market in the fourth quarter. According to the auction circular, the DMO plans to raise N230 […]
The Debt Management Office (DMO) on Tuesday re-opened four Federal Government of Nigeria (FGN) Bonds valued at N360 billion for subscription through auction. In a statement on Tuesday in Abuja, DMO said that the first offer was a March 2027 FGN Bond valued at N90 billion. It said that the bond had an interest rate […]
By Godwin Anyebe Foreign investors are showing no interest in Nigerian debt at a time when they are lapping up other emerging-market dollar bonds. Appetite for emerging-market bonds have soared this year, with borrowers taking the opportunity to sell record bonds to investors who are hunting for higher returns amid a slowdown in US interest […]
Bonds, In the global race to embrace renewable energy, western economies, are leading. While emerging markets many of which are big polluters are lagging. One reason is that some developing economies lack adequate access to capital to finance renewable energy ambitions. Green bonds are changing that and the asset class is accessible via the VanEck […]
…Transactions turnover decline by N3.30trn in one month …As CBN reports $3.98bn FX net flow loss in Q3 As trading activities in the Fixed Income and Currency (FIC) market wind down in 2018, not less than a whopping N145.68 trillion has been traded in Foreign exchange (FX), Treasury bills (T. bills), FGN Bonds, among other […]
…As 3 banks account for N44.90trn FX turnover …Investors trade $1.93bn forex in 6 days Foreign exchange transactions, Treasury bills, FGN Bonds and Other Bonds traded for a period of seven months from January to July 2018 have been put to a total value of N99.49 trillion, latest FMDQ OTC market turnover report has showed. […]
…Investors FX window records turnover of $744m in 3 days …External reserves shed $244. 4m in one week Uncertainty surrounding 2019 elections, coupled with security concerns in different parts of the country and low interest rates on Federal Government (FGN) bonds, have all been linked to reasons investors are holding back their investments in the […]
…As Naira gains at investors FX window …Foreign reserves steady at $47.865bn Total transaction turnover in the Nigeria’s Foreign Exchange (Forex) market, Foreign Exchange Derivatives; Treasury Bills (T.bills) market, FGN bonds; Other Bonds; Eurobonds; Repurchase Agreements/Buy-Backs and Unsecured Placements/Takings, between January and March, 2018 stood at a whopping N39.929 trillion or $118.898 billion, The Daily […]
AS the Federal Government continues to crowd out corporate reorganizations from the money market with high interest on treasury bills, OMO, bonds and other financial instruments, debts servicing costs continues to soar, while productivity diminishes. A report released on Friday, 22 December, 2017, which showed that 8 million jobs were lost in Nigeria in 12 […]
Bonds are debt instruments issued by governments, organizations or institutions to raise money through issuing debt instruments. Such funds are issued to source funds for targets developmental purposed. Bond is times and a coupon or interest is usually paid either quarterly, biannually or annually to the investors. However, investopedia defines bond thus: a bond is […]
The Debt Management Office (DMO) disclosed yesterday that the federal government will auction N110 billion ($360 million) in local currency bonds by next Wednesday. This new sale will be its second debt auction of the year, as it would issue N45 billion of bonds maturing in 2021, N20 billion of 2026 paper, and N45 billion of bonds due […]
With the federal government continuing to source for funding both locally and in abroad, plans are in top gear to issue a debut diaspora bond by March to raise funds from Nigerians abroad, after completing $1 billion Eurobond sale this month. The largest economy in Africa is in its first recession in 25 years […]
In a move to re-position the capital market and restore the confidence of investors, Security and Exchange Commission (SEC) and the Central Bank of Nigeria (CBN) have released new guidelines for the settlement of securities and government bonds for the 2017 trading year. In an approved document, both agencies stated that the objective of the […]
Lagos State has sold 47 billion naira (154.50 million dollars) of bonds maturing in 2023 to help finance basic infrastructure, Gov. Akinwunmi Ambode has said in a statement, according to the News Agency of Nigeria. He said 16.5 percent coupon was the first tranche of a 500 billion naira debt issuance programme approved by […]