Tuesday, July 23, 2019

Tag "FGN Savings Bond"

    FG to borrow fresh $2.8bn for 2018 budget

FG to borrow fresh $2.8bn for 2018 budget

The federal government is planning to borrow $2.8 billion to fund the deficit of the recently passed 2018 budget.Patience Oniha, director general of the Debt Management Office (DMO), made this known while speaking to Reuters on Wednesday."We will explore all options keeping in mind our twin objectives of extending the tenor of the debt stock and lowering costs," she said, [...]

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    FG raises N6.7bn from savings bond in eight months

FG raises N6.7bn from savings bond in eight months

The federal government has raised N6.7 billion through the auction of savings bonds in the last eight months, the Debt Management Office (DMO) has said.An analysis of data from the DMO showed that the savings bond was highly subscribed in the first few months.At its debut offer in March, the debt office raised N2.068 billion from the 13.01 percent two-year [...]

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Exchange Rates

July 22, 2019USDGBPEUR
INTERBANK306397354
LAGOS362475413
KANO361474413
PH361475412
ABUJA362476413
NOTE: The black market rates represent the most prevalent. They could be slightly higher or lower among different sellers.
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