Welcome, Guest: Register On Nairaland / LOGIN! / Trending / Recent / NewStats: 3,195,530 members, 7,958,624 topics. Date: Wednesday, 25 September 2024 at 06:55 PM |
Nairaland Forum / Nairaland / General / Politics / FG To Borrow N110bn Via Bond Auction (6282 Views)
Nigeria To Borrow $6.9 Billion From World Bank, IMF, AFDB / Nigeria To Borrow N510 Billion Via Bond Sale In Q1 2020 / Darkness Looms As Egbin Set To Shut Down Over N110bn Debt (2) (3) (4)
FG To Borrow N110bn Via Bond Auction by VERQUEST111: 1:28am On Jan 18, 2018 |
The Federal Government is planning to raise N110 bn by selling sovereign bonds with maturities of five and 10 years on January 24 , the Debt Management Office has said. The debt office said on Wednesday that it would raise N50 bn with the five - year bond and N60 bn with the 10 - year paper, using the Dutch auction system, according to Reuters . The bonds are re- openings of previous issues and the result of the auction is expected to be published on January 26 , according to the DMO . Meanwhile, the Federal Government is expecting to raise $ 700 m from multilateral sources , part of a $ 3 . 5 bn in borrowing earmarked in the 2017 spending plan, according to the debt office . The government raised $ 2 . 8 bn in the international market last year , selling $ 2 . 5 bn in Eurobonds in November and another $ 300 m via Diaspora bonds earlier . The $ 3 bn Eurobond bond launched by the Federal Government in December was oversubscribed by nearly four - fold , the government said. The bonds yields were offered around 6 . 75 per cent for the 10 - year instrument while the 30 -year paper was at 7 . 875 per cent , according to the information from the country ’ s debt office . The Central Bank of Nigeria Governor, Mr . Godwin Emefiele , had described investor confidence in Nigeria as stemming from the positive direction of most of the economic indicators , and also supported by the decisions of both the monetary and fiscal authorities . “ There is confidence by the investor community about what the government is doing and it delights us that the level of confidence has improved , and hence you have seen that the activities of the monetary and fiscal authorities have led to the country exiting recession, ” he had said. http://punchng.com/fg-to-borrow-n110bn-via-bond-auction/ |
Re: FG To Borrow N110bn Via Bond Auction by Haganah: 1:29am On Jan 18, 2018 |
I have never seen this miracle before! A government that has spent two years without beginning/completing any capital project. And it’s citizens just go about life as if all is well. Money from Taxes - disappeared Recovered Loot - gone Recovered Abacha savings (according to Buhari) - gone Oil royalties - gone Borrowed money- used to fund Boko Haram amnesty and sponsor Fulani herdsmen 37 Likes 7 Shares |
Re: FG To Borrow N110bn Via Bond Auction by GavelSlam: 1:48am On Jan 18, 2018 |
Haganah: When you so all your inventories just tell us how much the rail line from Lagos to Ibadan alone would cost. By the way, I thought Ben Bruce said no one is interested in loaning Nigeria any money. 4 Likes 1 Share |
Re: FG To Borrow N110bn Via Bond Auction by 4kDdullard: 5:52am On Jan 18, 2018 |
GavelSlam:Afonja pig which rail line from Lagos to Ibadan ? 33 Likes 6 Shares |
Re: FG To Borrow N110bn Via Bond Auction by debolayinka(m): 6:33am On Jan 18, 2018 |
Nigeria, stop eating away the food of the future generation. Youths of today will grow up to pay for the debts their ancestors owed. GavelSlam: Bros, this borrowing likely going to be internal, and seriously I need pictures of the Lagos-Ibadan rail line. 22 Likes 3 Shares |
Re: FG To Borrow N110bn Via Bond Auction by a2personal2013: 7:45am On Jan 18, 2018 |
Let us stop complaining, we have a youth population of about 60%. Let us use our voters card wisely. I think the youths should work towards mass mobilization and awareness, so that we can take the destiny of this country in our hands. We don't need Donald Trump to wake us up from our slumber. Enough of this APC nonsense. Good riddance to rubbish. Get ready your voters card. #Redcard 12 Likes 3 Shares |
Re: FG To Borrow N110bn Via Bond Auction by usba: 7:51am On Jan 18, 2018 |
GavelSlam: Only pigs and idiots will believe Ben Moroon Bruce whose interests lies in projecting his credit unworthiness to others. 1 Like |
Re: FG To Borrow N110bn Via Bond Auction by Nobody: 8:03am On Jan 18, 2018 |
Its really amazing.. 110bn new loan 5tril - pension fund.. All sorts of bonds sold.. All sorts of borrowings and loans accrued.. Yet not one single infrastructure commissioned. Fashola just confessed not a single project commissioned in works althrough 2017.. 5 Likes 2 Shares |
Re: FG To Borrow N110bn Via Bond Auction by asdfjklhaha(f): 10:27am On Jan 18, 2018 |
Borrow borrow government, ever since they came into power, they've been borrowing up and down with nothing to show for it. My God help us 7 Likes 3 Shares |
Re: FG To Borrow N110bn Via Bond Auction by macaranta(m): 10:29am On Jan 18, 2018 |
Borrow the people too... Bonds are not enough |
Re: FG To Borrow N110bn Via Bond Auction by free2ryhme: 10:29am On Jan 18, 2018 |
VERQUEST111: APC have finished Nigeria 1 Like 2 Shares |
Re: FG To Borrow N110bn Via Bond Auction by Nobody: 10:30am On Jan 18, 2018 |
2 Likes 1 Share
|
Re: FG To Borrow N110bn Via Bond Auction by Nobody: 10:30am On Jan 18, 2018 |
imagine nigeria in year 2040, when oil don cast, but the country still has lots of internal and external loans. only a fool would not secure his kids future by following the canada mass exodus. nothing like he go better. it can not be better for nigeria 6 Likes 1 Share |
Re: FG To Borrow N110bn Via Bond Auction by free2ryhme: 10:30am On Jan 18, 2018 |
VERQUEST111: With all the testimonies and noise making of savings here and there we still dey borrow money APC why una lie pass una destiny, why 6 Likes 2 Shares |
Re: FG To Borrow N110bn Via Bond Auction by israelmao(m): 10:30am On Jan 18, 2018 |
All borrows so far are not paying off economically. |
Re: FG To Borrow N110bn Via Bond Auction by Bayajidda1: 10:31am On Jan 18, 2018 |
Re: FG To Borrow N110bn Via Bond Auction by Bayajidda1: 10:31am On Jan 18, 2018 |
Re: FG To Borrow N110bn Via Bond Auction by emynike2001(m): 10:32am On Jan 18, 2018 |
Ok... But meanwhile dont miss today lottery DRAWS, CLICK THE LINK on my signature to see more. Happy winnings. |
Re: FG To Borrow N110bn Via Bond Auction by dedons: 10:32am On Jan 18, 2018 |
By the time APC finishes with Nigeria, them go loan us to Niger Republic. 4 Likes 1 Share |
Re: FG To Borrow N110bn Via Bond Auction by TheAngry1: 10:34am On Jan 18, 2018 |
borrow borrow government 3 Likes |
Re: FG To Borrow N110bn Via Bond Auction by Flexherbal(m): 10:34am On Jan 18, 2018 |
israelmao: We do not even know what they are doing with the money. 1 Like |
Re: FG To Borrow N110bn Via Bond Auction by BekeeBuAgbara: 10:34am On Jan 18, 2018 |
usba:This senseless pig again. 1 Like 2 Shares |
Re: FG To Borrow N110bn Via Bond Auction by Paperwhite(m): 10:39am On Jan 18, 2018 |
And APC kept mortgaging Nigeria some more. Always recovering monies & borrowing at the same time but no meaningful impact. This useless government will be shown the way out in 2019. 2 Likes |
Re: FG To Borrow N110bn Via Bond Auction by adeyemi91(m): 10:41am On Jan 18, 2018 |
This govt cannot give me hypertension.. On the other hand, happy birthday to me. I appreciate God for everything. 5 Likes 1 Share |
Re: FG To Borrow N110bn Via Bond Auction by Myhn: 10:45am On Jan 18, 2018 |
The act of borrowing has been embedded into this country's DNA. I wonder were all this monies go to... 2 Likes |
Re: FG To Borrow N110bn Via Bond Auction by Boss13: 10:49am On Jan 18, 2018 |
I thought the Ministry of Finance indicated previously that the cost of borrowing local funds is expensive, that was why the borrowed Eurobonds to pay off the domestic loans and finance 2017 budget. Now they want to borrow N110bn by issuing bonds after just concluding the issue of Eurobond in Nov 22, 2017. The last time I checked, our debt:GDP ratio was 26% after the November 2017 Eurobond issue. It appears that this administration is on a borrowing spree and we don’t know what and where these monies are. Emefiele should discontinue talking about investor’s confidence in Nigeria market. International investors are scouting the globe looking for where to get returns. The decisions this administration is taking would only lead this country into further complications. 2 Likes |
Re: FG To Borrow N110bn Via Bond Auction by Nobody: 10:51am On Jan 18, 2018 |
Former President Olusegun Obansanjo wee not like this after taking Nigeria away from the pangs of debts one Grand patron of Fulani heardsmen wants to mortgate the future of generations unborn with debts. What are they even using all these monies for. Capital projects nothing to show for. Effects on the masses nadah!! 1 Like |
Re: FG To Borrow N110bn Via Bond Auction by IMASTEX: 10:54am On Jan 18, 2018 |
Sell this country 1 Like |
Re: FG To Borrow N110bn Via Bond Auction by donvicky2007: 10:58am On Jan 18, 2018 |
Today is my birthday, show some love. 3 Likes |
Re: FG To Borrow N110bn Via Bond Auction by potent5(m): 11:02am On Jan 18, 2018 |
To develop Northeast. 3 Likes |
Governor Ugwuanyi Celebrates Easter With 200 Widows / BREAKING: CCT Judgment On Onnoghen Shifted From 9am Till Noon / Yoruba Vs Igbo: Both Tribes Are Blameless
(Go Up)
Sections: politics (1) business autos (1) jobs (1) career education (1) romance computers phones travel sports fashion health religion celebs tv-movies music-radio literature webmasters programming techmarket Links: (1) (2) (3) (4) (5) (6) (7) (8) (9) (10) Nairaland - Copyright © 2005 - 2024 Oluwaseun Osewa. All rights reserved. See How To Advertise. 32 |