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.