The Federal Government on Wednesday allotted N116.99 billion worth of bonds to 109 successful bidders in its January auction, the Debt Management Office said.
Debt Management Office
Bonds auction results in the past few months for both the Federal Government Bonds and the Savings Bonds show that the level of patronage has declined.
The Federal Government has commenced the 2019 savings bonds sales by offering for subscription two-year savings bond at 12.12 per cent and three-year savings bond at 13.12 per cent, the Debt Management Office has said.
The order to shut the depots was given by the DAPPMA Executive Secretary, Olufemi Adewole, on Sunday
The Federal Government on Monday offered for subscription two-year savings bond at 12.40 per cent and three-year savings bond at 13.40 per cent, the Debt Management Office has said.
Patience Oniha, the Director-General, Debt Management Office on Tuesday said that the Federal Government realised the sum of N10.5 billion savings bond in 18 months.
The Federal Government, on Wednesday, allotted N39.52 billion worth of bonds in its November auction, refusing to accept higher rates from subscribers, the Debt Management Office says.
The Debt Management Office says with the approval of the National Assembly, it has accelerated implementation of the Promissory Note Programme and Bond Issuance to settle oil marketers’ arrears.
The Debt Management Office says it has commenced the accelerated implementation of settlement of government arrears through promissory notes to oil marketers.
The Debt Management Office says the Federal Government raised N88.08 billion at its bond auction on Wednesday, as part of moves to finance the 2018 budget.
Jibril told the News Agency of Nigeria in Abuja on Thursday on the sideline of the ministry’s preparation for the 12th National Council on Environment meeting that it would be executed through provision of solar in higher institutions.
Sukuk or Islamic Bond is a financial instrument structured to generate returns to ethical investors without infringing on the Islamic law, which forbids interest payments.
The Federal Government has offered for subscription two-year savings bond at 11.36 per cent and three-year savings bond at 12.36 per cent, the Debt Management Office has said.
Financial and business reporters and editors of various media organisations in Abuja, were on Thursday taken through a one-day training on the activities of the fixed income and securities market.