Category: Bond Market

DMO reassures stakeholders over $500m Chinese loan that ‘No reason to panic’

The Debt Management Office (DMO) has reassured the Nigerians that there is no risk of default on the 500 million US dollars loan expected from China. The department gave the reassurance in a statement on Tuesday in Abuja. DMO’s statement is in reaction to public concern following the announcement at the Forum on China-Africa Cooperation summit that…

DMO grow FGN’s debt to N15.02trn through treasury bills issue

The Federal Government through Debt Management Office (DMO) raked in a total of N15.02 trillion through treasury bills between 2013 and 2017,according to  the DMO’s 2017 Annual Report and Statement of Accounts released a few days ago. The reports further disclosed that besides, government’s outstanding treasury bills debt as at 2013, 2014 and 2015, stood…

Union Bank partners TEDxLagos

Union Bank has announced its partnership with TEDxLagos for the upcom-ing TEDxLagos event scheduled for August 18. This is part of the bank’s efforts to leverage partnerships and initiatives that support and promote Nigeria’s development and growth. TEDx is a global platform created in the spirit of TED’s mission, “ideas worth sharing”. The Lagos event…

CBN injects $210m into forex market

The Central Bank of Nigeria (CBN) yesterday injected $210 million into the inter-bank Foreign Exchange (forex) Market. The move was meant to boost forex availability and also meet customers’ requests in various segments of the market. At the forex trading, the CBN offered $100 million to authorised dealers in the wholesale segment of the market,…

CBN revises banks’ clearing system rules

The Central Bank of Nigeria said on Wednesday that it had revised the clearing system rules for Deposit Money Banks. The Director, Banking and Payments System Department, CBN, Dipo Fatokun, in a circular issued to banks, mobile money operators and payment service providers, said the revision of the Nigeria Bankers’ Clearing System Rules was in…