Tag: Bonds

Naira devaluation worsens Nigeria's debt woes
News

FG raises N1.5tn through bonds

By Melvin Onwubuke   The Federal Government through bond offering, was able to raise N1.5 trillion instead of the anticipated N2.5 trillion it targeted in its February auction. According to The Punch, the Debt Management Office office in a press conference said that the 2031 bond had a total allotment of N873.53 while that of […]

FGN Bonds' value decreases by 93.2% to N183bn
Business

FGN Bonds’ value decreases by 93.2% to N183bn

In the first five months of this year, the value of listed Federal Government of Nigeria bonds on the Nigerian Exchange Limited has dropped dramatically by 93.2 percent to N183 billion from N2.7 trillion in the same period of 2022. According to Vanguard, the results from the Exchange show that the majority of the bonds listed on […]