DMO lists N150 billion Nigerian government bonds for auction today.ng - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from today.ng Daily Mail and Mail on Sunday newspapers.
DMO lists N150b FG bonds for auction
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The Debt Management Office (DMO), on Wednesday, announced the auctioning of three Federal Government bonds of N150billion at N1,000 per unit.
Details obtained from DMO’s website said that the three bonds were valued at N50 billion each, with interest rates of 16.29 per cent; 12.50 per cent and 9.80 per cent, respectively.
It listed the auction date as April 21, while settlement date is April 23.
“Minimum units for sale are N50,001 thousand and in multiples of N1,000 thereafter.
“For re-openings of previously issued bonds, successful bidders will pay a price corresponding to the yield-to-maturity bid that clears the volume being auctioned plus any accrued interest rate on the instrument,” the DMO said.
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Vanguard News
FG finances record mixed performance
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· Analysts see downside to 2021 targets
The state of the finances of the Federal Government of Nigeria, FG, appears to be running on mixed performance following a record rise in actual revenue against target.
But this is coming with a significant increases in deficit level, dampening the speculations that the three-month consistent rise in oil price would have meant that the financial pressures on the government arising from the adverse impact of Coronavirus Pandemic may have started easing off.
Information available to the
Vanguard Public Finance Report has indicated that as at December 2020, the budget implementation report of the Ministry of Finance shows that the Federal Government had realised 73.4 percent (or ₦3.9trillion) of its budgeted revenue of ₦5.4trillion for the year.