September 7, 2016

F.G To Raise 120 Billion Naira At Bond Auction

Hamilton Nwosa

Writer

Kolos, ref, loud, gum and fast lane, By Funke Egbemode

By Funke Egbemode Scene One: Henry is poor and he knows it. He plays those betting games with fancy names, drinks, smokes, and loves loud music. He is in his late 30s with a wife and two children. They all live in a room in one of the new areas in Lagos, not too far…

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The Federal Government is set to raise 120 billion Naira at a bond auction on September 14, 2016.

According to the Debt Management Office, 40 billion Naira each will be raised from debts maturing in 2021, 2026 and 2036, using the Dutch Auction System.

The Federal Government has estimated it will borrow around 900 billion from the local debt market this year to fund a budget deficit projected at 2.2 trillion Naira.

F.G To Raise 120 Billion Naira At Bond Auction

Kolos, ref, loud, gum and fast lane, By Funke Egbemode

Tribute to Professor Joy Ogwu By Kingsley Dike

A Tribute to Mama Ambassador Professor Joy Angela Ogwu, By Reverend Father Vincent Hassan Bulus

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