Haganah:
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

GavelSlam:


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.

GavelSlam:


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.

GavelSlam:


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.

VERQUEST111:
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/

VERQUEST111:
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/

israelmao:
All borrows so far are not paying off economically.

usba:


Only pigs and idiots will believe Ben Moroon Bruce whose interests lies in projecting his credit unworthiness to others.