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Nigeria To Borrow N510 Billion Via Bond Sale In Q1 2020 - Politics - Nairaland

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Nigeria To Borrow N510 Billion Via Bond Sale In Q1 2020 by dipoolowoo: 3:51pm On Jan 15
The Debt Management Office (DMO) has said it would approach the local debt market to auction bonds belonging to the Federal Government of Nigeria worth between N420 billion and N510 billion in the first quarter of 2020.

The debt office, in a circular issued on Monday showing the bond sale programme for Q1 2020, said the instruments would be offered in three different maturities; 5-year, 10-year and 30-year.

In the calendar sighted by Business Post on Wednesday, the DMO said the FGN bond auctions will hold on January 22, February 19 and March 25, 2020.
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In the first exercise scheduled for next Wednesday, the debt office plans to sell from N45 to N55 billion worth of the 5-year paper at 12.75 percent, another N45 to N55 billion worth of the 10-year paper at 14.55 percent, and N50 to N60 billion worth of the 30-year note at 14.80 percent.

At the next month’s auction, the DMO said it would offer for sale N45 to N55 billion worth of the 5-year paper at 12.75 percent, N45 to N55 billion worth of the 10-year paper at 14.55 percent, and N50 to N60 billion worth of the 30-year note at 14.80 percent.

At the last exercise for this quarter, the agency further stated that it would sell from N45 to N55 billion worth of the 5-year paper at 12.75 percent, another N45 to N55 billion worth of the 10-year paper at 14.55 percent, and N50 to N60 billion worth of the 30-year note at 14.80 percent.

Business Post reports that all the bonds are re-opening, according to the debt office. It was further disclosed that the debt programme can be changed at a very short notice.

Federal government uses the debt programme to seek for funds from the local bond market to execute some projects included in the fiscal year’s budget. After the sale, investors/subscribers are issued a certificate which shows details of what they bought and at maturity, they are repaid by government.
https://businesspost.ng/economy/nigeria-to-borrow-n510bn-via-bond-sale-in-q1-2020/

Re: Nigeria To Borrow N510 Billion Via Bond Sale In Q1 2020 by owobokiri(m): 3:56pm On Jan 15
Buhari is borrowing this country into the pit of hell to build massive road and rail lines across Niger republic while telling south easterners that Amaaechi was not authorized to promise any rail track in the east since there is no money... This man will destroy this country with hate and venom... How can you be more loyal to foreigners than to your countrymen simply because you share some sort of ethnic relationship with them? The Niger president went behind him to sign an agreement with france to pull the rug off Nigerias feet on the ECO currency issue. Since then, he started closing borders and seem to start appreciating the fact that national interest should trounce ethnic loyalty... Buhari is incompetence personified.

85 Likes 6 Shares

Re: Nigeria To Borrow N510 Billion Via Bond Sale In Q1 2020 by reajen(m): 3:57pm On Jan 15
shocked really
Re: Nigeria To Borrow N510 Billion Via Bond Sale In Q1 2020 by inoki247: 4:10pm On Jan 15
if them like make dem lease out the country e don sure say our pikin go pay back our debt...

8 Likes 1 Share

Re: Nigeria To Borrow N510 Billion Via Bond Sale In Q1 2020 by Victor912(m): 4:10pm On Jan 15
Again

1 Like

Re: Nigeria To Borrow N510 Billion Via Bond Sale In Q1 2020 by Ihutomi: 4:10pm On Jan 15
Thank God our house we write not for sell or else this government can sell it

17 Likes 1 Share

Re: Nigeria To Borrow N510 Billion Via Bond Sale In Q1 2020 by one1prax(m): 4:10pm On Jan 15
510 billion? that's a lot

4 Likes

Re: Nigeria To Borrow N510 Billion Via Bond Sale In Q1 2020 by crownwealth: 4:10pm On Jan 15
By the time the economic terrorist finished with Nigeria, Somalia could be better...


ONIGBESE gonment of FRAUD!


Promised jobs, we no see

Stable power, no where to be found.

Boju-boju administration of FRAUD.

38 Likes 2 Shares

Re: Nigeria To Borrow N510 Billion Via Bond Sale In Q1 2020 by Enoch07(m): 4:10pm On Jan 15
na to sell this country remain

16 Likes

Re: Nigeria To Borrow N510 Billion Via Bond Sale In Q1 2020 by momodub: 4:10pm On Jan 15
Chia

3 Likes

Re: Nigeria To Borrow N510 Billion Via Bond Sale In Q1 2020 by Kiddinpoh(m): 4:11pm On Jan 15
Are kidney me shocked shocked

2 Likes

Re: Nigeria To Borrow N510 Billion Via Bond Sale In Q1 2020 by Racoon(m): 4:11pm On Jan 15
Thought the Nigeria customs was said to have generated and even exceed its 2019 target? So what have happened again that the DMO is selling FG bonds to fund projects? Hehehe! Voodoo economics.

25 Likes

Re: Nigeria To Borrow N510 Billion Via Bond Sale In Q1 2020 by sweetonugbu: 4:11pm On Jan 15
Ok
Re: Nigeria To Borrow N510 Billion Via Bond Sale In Q1 2020 by Justinlean02(m): 4:11pm On Jan 15
And when will the borrowing end
the generation these debts go fall on make them no kuku turn them to slaves in respect to payment. I've said my peace and for the last time Naija wake it's TIME

2 Likes

Re: Nigeria To Borrow N510 Billion Via Bond Sale In Q1 2020 by toluleke(m): 4:11pm On Jan 15
We just they borrow no plans on how to pay back. Since dummies alone are in power to futuristic eyes no companies to development just borrow till we can sell the nation. Even if we have someone with futuristic eye with this debt how will he survive in 8years

1 Like

Re: Nigeria To Borrow N510 Billion Via Bond Sale In Q1 2020 by simplepee(f): 4:12pm On Jan 15
My lovely country kiss kiss
Re: Nigeria To Borrow N510 Billion Via Bond Sale In Q1 2020 by GlassDoctor1: 4:12pm On Jan 15
This is what you get for allowing them to rule Naija. Those people and debt are like 5 and 6. OBJ did his best to rid Nigeria of debt but those people with their regressive leadership style will surely make cause more problems for economy and currency. I never mentioned anyone's name but if you know you know.



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2 Likes

Re: Nigeria To Borrow N510 Billion Via Bond Sale In Q1 2020 by Mopolchi: 4:12pm On Jan 15
Bond wey the interest rate don fall finish I no dey buy
Re: Nigeria To Borrow N510 Billion Via Bond Sale In Q1 2020 by mailingdgreat: 4:12pm On Jan 15
We never see anything yet. Shebi em tell us say make we brace up for tough times during this next level!

1 Like

Re: Nigeria To Borrow N510 Billion Via Bond Sale In Q1 2020 by 9jamag(m): 4:12pm On Jan 15
Chai, chai, chai


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Re: Nigeria To Borrow N510 Billion Via Bond Sale In Q1 2020 by thundafire: 4:13pm On Jan 15
Finally it's finished
Re: Nigeria To Borrow N510 Billion Via Bond Sale In Q1 2020 by Earlystar698: 4:14pm On Jan 15
grin grin grin grin grin grin grin grin grin grin grin grin grin grin grin grin grin grin grin grin
Re: Nigeria To Borrow N510 Billion Via Bond Sale In Q1 2020 by BuhariAdvocate: 4:14pm On Jan 15
I doubt the credibility of this woman.
Re: Nigeria To Borrow N510 Billion Via Bond Sale In Q1 2020 by WeRblessed(f): 4:15pm On Jan 15
I'm not a prophet, but I see Nigeria becoming like Zimbabwe in less than three yeas from now. In fact, very soon, you will carry five hundred thousand naira in a Ghana must go bag just to buy a loaf of bread. Mark my word!

Our leaders have continually put Nigerians in debt that their childrens' children will never be able to get off from.

Great countries borrow money to create jobs, build roads, healthcare, and human service system, improve educational sector and military equipment, but our own is shared between the elites. The same countries they borrowed the money from is the same countries they will loot the money to.

God will forever punish Queen Elizabeth.

6 Likes 1 Share

Re: Nigeria To Borrow N510 Billion Via Bond Sale In Q1 2020 by sweetonugbu: 4:15pm On Jan 15
Borrow borrow make me rich

Re: Nigeria To Borrow N510 Billion Via Bond Sale In Q1 2020 by Dclevermarketer(m): 4:15pm On Jan 15
IF only they will use the money for what it's meant for, but we all know what will happen.

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Re: Nigeria To Borrow N510 Billion Via Bond Sale In Q1 2020 by gambia(m): 4:16pm On Jan 15
Awon oni gbesey. Keep borrowing oo

1 Like

Re: Nigeria To Borrow N510 Billion Via Bond Sale In Q1 2020 by macaranta(m): 4:16pm On Jan 15
Borrow like there's no tomorrow
Re: Nigeria To Borrow N510 Billion Via Bond Sale In Q1 2020 by nairalee(m): 4:17pm On Jan 15
Nigeria is simply an irresponsible drunkard that keeps borrowing and promising his lenders that his unborn children will pay.

1 Like

Re: Nigeria To Borrow N510 Billion Via Bond Sale In Q1 2020 by payperpost: 4:17pm On Jan 15
all for Zanan to fly jet?

we don't need to borrow in the southwest here, stop putting us in debt

restructure now!

South west regional government

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