Tag: FGN Bonds

FG unveils plan to revamp cooperative sector, targets $1trn economy
News

Nigeria raises N374.751bn in August 2024 FGN bond auction

The Federal Government of Nigeria has successfully raised N374.751 billion in its FGN bond auction held in August 2024, according to results published by the Debt Management Office on its website. This latest auction marks a significant rebound, with the total amount allotted representing a 66.05% increase compared to the N225.714 billion raised in July […]

Nigerians to present BVN, NIN for dollar bond subscription
News

Nigerians to present BVN, NIN for dollar bond subscription

The Federal Government of Nigeria has announced new identification requirements for subscribing to its latest financial instrument, the Domestic FGN US Dollar Bond, which was launched on Monday. According to a Frequently Asked Questions document released by the Debt Management Office on its website, Nigerian citizens, including those living abroad, must have both a Bank […]

Nigeria's first N100bn Sukuk bond set to mature September 2024
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Nigeria’s first N100bn Sukuk bond set to mature September 2024

Nigeria’s inaugural Sukuk bond, valued at N100 billion and issued on September 26, 2017, is scheduled to reach maturity on its seventh anniversary by September 26, 2024, as outlined in the 2023 Annual Activity Report from the Financial Markets Department of the Central Bank of Nigeria. Since its issuance, Nigeria has been servicing the Sukuk […]

Nigeria's external reserves reach 22-month high amid weak Naira
News

FG raised N4.2bn from Nigerian bonds in April 2024

The latest issuance of Federal Government of Nigeria Savings Bonds has received a warm reception from investors, with total allotments for the April 2024 edition soaring to approximately N4.2 billion. According to the Debt Management Office, the turnout was robust, with hundreds of investors participating, signaling a high level of confidence in the stability and […]

FG spends N4.83trn bonds, treasury bills to settle CBN loans
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FG spends N4.83trn bonds, treasury bills to settle CBN loans

The Federal Government of Nigeria has recently allocated approximately N4.83 trillion, sourced from Nigerian Treasury Bills and Bonds issued in 2024, to settle the Ways and Means Advances obtained from the Central Bank of Nigeria. This disclosure was made by Mr. Wale Edun, the Minister of Finance and Coordinating Minister of the Economy, during his […]

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 […]