A document obtained from the Debt Management Office on Wednesday in Abuja, titled: ‘States, Federal Capital Territory and Federal Governments’ External Debt Stock as at June 30, 2018,’ also detailed other states’ external debts.
Browsing: Patience Oniha
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.
The Director-General of DMO, Patience Oniha, in a statement issued by the Office, disclosed that Nigeria has a subsisting debt management strategy.
The News Agency of Nigeria reports that the four-day retreat, which opened on Thursday in Kaduna to review the eight bills, is being chaired by the Director-General, Debt Management Office, Patience Oniha.
L-R: The Director General of the Debt Management Office, Patience Oniha (second left); Minister of Finance, Kemi Adeosun (fourth left);…
Oniha made the assertion at the 2nd Vanguard Economic Discourse tagged: “Economy in Rebound: Pitfalls, Trajectories and Resetting’’.
She said the seven-year bond at 16.47 per cent due by 2024, was packaged on behalf of the government by DMO and the Ministry of Finance.
The Director General of the Debt Management Office, Patience Oniha, disclosed this on Wednesday in Abuja
The Notes, which comprise a $1.25 billion 12-year series and a US$1.25 billion 20-year series, will be used for the refinancing of the country’s domestic debt, the Debt Management Office says
Patience Oniha, the DMO’s Director-General, told the News Agency of Nigeria in Lagos that government had reduced its exposure in the bond market for corporate entities to raise funds.
The Green Bond is being issued following Nigeria’s endorsement of the Paris Agreement on Climate Change on September 21, 2016.
Oniha said this in Abuja on Thursday at the Nigeria Green Bond Investors Forum, organised by the Federal Ministries of Environment and Finance, in collaboration with Green Bond Advisory Group.
The Notes comprise $1.5 billion 10-year series and a $1.5 billion 30-year series
The Minister of Transportation, Chibuike Amaechi, said this on Thursday at the meeting with the Chairman of the Senate Committee on Local and Foreign Debts, Senator Shehu Sani
These were the highlights of a session the representatives of the executive arm of government had with a Senate committee on the desirability of the loan, with the government saying it would have to borrow more to complete a number of ongoing infrastructural projects
Patience Oniha, the DMO Director-General, made this known at the 2017 Nigerian Debt Capital Markets Conference and Awards, organised by the FMDQ OTC Securities Exchange in Lagos.
Sukuk, a project-tied investment facility, attracted investors from across a broad spectrum of the public comprising pension funds, banks, fund managers, institutional and retail investors.
The DMO in a statement issued on in Abuja, said the road show led by the Director-General, Patience Oniha, would also be held in Kano, Kaduna and Port Harcourt.
FGN savings bonds: DMO DG says about 7,000 investors subscribed in five months
Patience Oniha, the Director-General, Debt Management Office, says about 7,000 investors have subscribed to the Federal Government of Nigeria’s savings bonds since its introduction in March.
Oniha told the News Agency of Nigeria on Monday in Abuja that one of the primary reasons for introducing the savings bond was to encourage a savings culture among the populace.
She said that considering that the subscribers are largely retail investors, it meant that the savings bond had provided a vehicle for mobilising savings.
The DMO boss said it would continue to support the product and attract more subscriptions through investor enlightenment.
The bond allotment results obtained from the DMO website showed that in March, N2.068 billion was allotted to 2,575 investors, while in April, N1.2 billion was allotted to 1,798 subscribers.
In May, N790.85 million was allotted to 1,233 subscribers, while in June N607.26 million was allotted to 921 subscribers.
In July, N400.5 million was allotted to 779 investors, while in August there was an upward improvement to N738.14 million allotted to 761 subscribers.
The bond issuance is part of the Federal Government’s programme targeted at the lower income earners to encourage them to save and earn more income (interest), compared to their savings accounts with banks.
It was introduced to enable all citizens participate in and benefit from the favourable returns available in the capital market, and is also to help finance the nation’s budget deficit.
The bonds are debt securities (liabilities) of the Federal Government backed by its ‘full faith and credit’ with interests to be paid at regular periods and principal repaid at maturity.
It has a tenor of between two to three years and a minimum size of investment of N5,000 and maximum of N50 million.
The bond is aimed at deepening the national savings culture; diversifying government’s funding sources and providing opportunity to all citizens, irrespective of income level to contribute to national development.
It is issued through stock broking firms accredited by the DMO to market and distribute it.
The issuance, which began in March, has been carried out monthly and will continue till December.