Saturday, September 22, 2018

Tag "bond auction"

    Huge investor appetite for FG’s new five-year bond, oversubscribed by 60%

Huge investor appetite for FG’s new five-year bond, oversubscribed by 60%

Investors have shown a healthy appetite for the new five-year tenor bond introduced by the federal government through the Debt Management Office (DMO).According to the bond auction results released by the agency on Wednesday, the bond was oversubscribed by 60.9 percent.The DMO offered N30 billion for the five-year tenor bond at 12.75 percent and the N38.29 billion was eventually allotted.A [...]

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Exchange Rates

September 21, 2018USDGBPEUR
INTERBANK360.45480.18420.32
LAGOS360485425
KANO361483423
PH362482423
ABUJA362481423
NOTE: The black market rates represent the most prevalent. They could be slightly higher or lower among different sellers.
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