Category: Bond Market

Sterling Bank’s Head of Structured Finance, Lanre Olalusi disclosed this to newsmen in Lagos over the weekend said that the choice of the Bank may have been influenced by its track record in collections. For instance, he disclosed that Sterling Bank collects Visa fees for the British High Commission, French Embassy, Dubai and the United Arab Emirates (UAE). Similarly, he said that the Bank collects school fees in conjunction with Interswitch using the Paydirect platform.

The Public Debt Management through Debt Management Office DMO seeks to design and execute a comprehensive strategy for the next three to managing the total public debt portfolio of the federation with the broad objectives of raising money to meet government’s funding needs, achieve an optimal balance between costs and risks, develop and maintain a functional and efficient market for government securities and meet other goals that may be set by the government