Wednesday, November 14, 2018

Tag "FGN Bonds"

    DMO: N64bn raised from bonds for 2018 budget

DMO: N64bn raised from bonds for 2018 budget

The Debt Management Office says it has raised N64.04 billion towards the funding of the 2018 budget.In a statement released on Thursday, the office said the money is the proceeds of the federal government's bonds auction.DMO said the bonds were oversubscribed as investors staked N142.81 billion on the issue."We conducted the third in the series of FGN Bond auctions for [...]

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    Bonds recover, record oversubscription — for second month in a row

Bonds recover, record oversubscription — for second month in a row

The Debt Management Office (DMO) says the 10-year tenor bond was oversubscribed by 97% in the just concluded October auction.According to a bond summary released by the agency, the five-year tenor bond only recorded six percent subscription.Out of the N50 billion offered for each bond, the five-year tenor bond recorded N3 billion subscription from six successful bids while the 10-year [...]

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Exchange Rates

November 13, 2018USDGBPEUR
INTERBANK306397354
LAGOS359475418
KANO359476420
PH360476420
ABUJA359478419
NOTE: The black market rates represent the most prevalent. They could be slightly higher or lower among different sellers.
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