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F.G To Raise 120 Billion Naira At Bond Auction

Hamilton Nwosa
Writer

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Details as Court Rejects Nnamdi Kanu’s Transfer Request from Sokoto Prison

By Abiola Olawale The Federal High Court in Abuja has denied an ex parte application filed by the convicted leader of the proscribed Indigenous People of Biafra (IPOB), Nnamdi Kanu, seeking his immediate transfer from the Sokoto Correctional Centre. Justice James Omotosho, presiding over the matter, ruled on Monday, December 8, 2025, that such an…

December 8, 2025 • News

Presidency celebrates Benin coup failure, says Tinubu’s response affirms Nigeria’s stabilising role in West Africa

By Obinna Uballa The Presidency has lauded Nigeria’s reaction to the foiled coup attempt in the Republic of Benin, describing it as further proof of President Bola Tinubu’s commitment to safeguarding democracy and regional stability. Soldiers operating under the banner of the “Military Committee for Refoundation,” led by Lt. Col. Pascal Tigri, briefly took over…

December 8, 2025 • News

Concern as Nigeria’s World Bank borrowing surges toward $9.65bn

By Obinna Uballa Nigeria’s total World Bank loans between 2023 and 2025 are projected to reach $9.65bn this December, with fresh approvals, ongoing negotiations and accelerated disbursements pushing the portfolio to one of its highest levels in recent years. The figure - derived from International Bank for Reconstruction and Development (IBRD) and International Development Association…

December 8, 2025 • News

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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.

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