Home / Jobs in Nigeria / Business / FG to borrow ₦395bn via bonds
Kemi-Adeosun

FG to borrow ₦395bn via bonds

According the Debt Management Office ( DMO ) the FG is planning to borrow between N305bn and N395bn ($1.08bn-$1.40bn) in local currency-denominated bonds with maturities ranging from five to 20 years in the third quarter of this year. The FG has said it will borrow about N900bn locally to finance part of the N2.2tn deficits in the 2016 budget.

Send Money To Nigeria Free

About Lolade

x

Check Also

NSE

Stock market closes negative as investors lose ₦5 billion

The Nigerian Exchange Limited once again closed on a negative note with a loss of N5 billion due to sustained sell pressure.  The market performance indices, NGX All Share Index, depreciated by 0.02%. In the same vein, Market Capitalization declined by N5 billion to close at N23.8 trillion. Meanwhile, market breadth closed positive with 15 gainers against 13 losers.   Year-to-date, the stock market has advanced by 1,091.81 basis points. The Year-to-Date returns settled at 2.55% at the end of today’s trading session. ...