F.G To Raise 120 Billion Naira At Bond Auction

By: Hamilton Nwosa
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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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Hamilton Nwosa is an experienced, and committed communication, business, administrative, data and research specialist . His deep knowledge of the intersection between communication, business, data, and journalism are quite profound. His passion for professional excellence remains the guiding principle of his work, and in the course of his career spanning sectors such as administration, tourism, business management, communication and journalism, Hamilton has won key awards. He is a delightful writer, researcher and data analyst. He loves team-work, problem-solving, organizational management, communication strategy, and enjoys travelling. He can be reached at: hamilton_68@yahoo.com

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