Tag "green bond"

    FACT CHECK: Nigeria told UN that 7 varsities run strictly on renewable energy, but is this true?

FACT CHECK: Nigeria told UN that 7 varsities run strictly on renewable energy, but is this true?

In September, Mohammed Mahmood, Nigeria’s minister of environment, said seven federal universities are running strictly on solar energy.Speaking at the 2019 climate action summit in New York, US, the environment minister said 30 more federal universities are subscribing to the use of renewable energy.“We are sourcing some money through climate financing. I am proud to say that Nigeria is [...]

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    DMO: FG planning another Green bond to finance 2018 budget

DMO: FG planning another Green bond to finance 2018 budget

The Debt Management Office (DMO) says the federal government will issue another Green bond to finance capital projects in the 2018 budget.Patience Oniha, DMO director general made this known on Friday while speaking at the listing ceremony of the pioneer FGN N10.69 billion Green Bond at the FMDQ OTC Securities Exchange in Lagos.NAN reports that Green bonds are fixed income, [...]

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    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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    Yet another FG bond oversubscribed

Yet another FG bond oversubscribed

The Debt Management Office (DMO) says the Sovereign Green Bond recorded oversubscription by 0.94 percent.This makes it the fifth federal government bond to record oversubscription in eights months.In June 2017, the federal government issued a $500m Eurobond which was oversubscribed by almost four times.In the same month, the diaspora bond, which was oversubscribed by 130 percent, was listed on the [...]

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    FG floats N10bn Green bond — first of its kind

FG floats N10bn Green bond — first of its kind

The federal government, through the Debt Management Office (DMO), has launched a N10.69 billion Green bond to fund clean energy projects in the 2017 budget.The bond has a 5-year tenor and an interest rate of 13.45 percent.Subscription for the bond opened on Monday, December 18 and will close on Wednesday, December 20.Although Kenya announced plans to float a Green bond [...]

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Exchange Rates

December 05, 2019USDGBPEUR
INTERBANK306397354
LAGOS355444389
KANO354445370
PH355447412
ABUJA356454413
NOTE: The black market rates represent the most prevalent. They could be slightly higher or lower among different sellers.
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