Category: Bond Market

DMO Explains Utilisation Of $5.5bn Planned External Borrowing

DMO DG, Ms Patience Oniha The Debt Management Office on Thursday explained that the proposed borrowing of N5.5 billion from external sources by the Nigerian government is a good initiative. President Muhammadu Buhari recently wrote the National Assembly seeking permission to raise the funds. The $5.5 billion is in two phases, the DMO explained.‎ The…

Larfarge Africa Set to Tap the Commercial Paper Market of ₦60.00 billion list on FMDQ

We are pleased to announce the registration of the Lafarge Africa PLC ₦60.00 billion Commercial Paper Programme to the FMDQ OTC Securities Exchange platform. In maintaining its support forte development of the Nigerian debt capital markets(DCM), FMDQ OTC Securities Exchange (FMDQ or the OTC Exchange) uses its platform, amongst others, to efficiently enhance the registration, listing,…

ETI Secures $250m Loan Facility From Deutsche Bank

   The management of Ecobank Transnational Incorporated (ETI), on Tuesday announced the signing of a US$250m five-year senior unsecured loan facility fro… The management of Ecobank Transnational Incorporated (ETI), on Tuesday announced the signing of a US$250m five-year senior unsecured loan facility from Deutsche Bank AG of Germany. In a statement to the Nigerian Stock…

Savings bonds: Nigerian government gets about 7,000 investors in five months

Ms Patience Oniha, Director-General, Debt Management Office (DMO), says about 7,000 investors have subscribed to the Federal Government of Nigeria’s savings bonds since its introduction in March. Oniha said  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…