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.
Debt Management Office
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.
The Debt Management Office (DMO) on Friday said the Federal Government would issue another Green Bond to finance capital projects in the 2018 budget before end of the year.
In its Quarterly Debt Data for Quarter one, obtained from its website on Wednesday in Abuja, it said the figure was the total actual domestic debt service for the three months.
L-R: The Director General of the Debt Management Office, Patience Oniha (second left); Minister of Finance, Kemi Adeosun (fourth left); Executive Vice President, China Development Bank, Zhang Xuguang (middle); Minister of Power, Works and…