Economy
DMO begins 2025 Bonds auction, targets N450bn on Monday
Nigeria’s Debt Management Office, DMO, will be raising a targeted sum of N450 billion from the primary market auction (PMA) today as part of efforts to close the 2025 budget deficit gap. At the auction schedule for today, a total of ₦450 billion will be raised from the debt market through the reopening of existing 10-year (Apr-29) and 7-year (Feb-31) bonds and the introduction of a new 10-year (Jan-35) bond. Analysts said the auction is expected to be oversubscribed amidst a robust liquidity level in the money market. Last week, inflows from FAAC, Remita and FGN coupon payments elevated liquidity balance in the financial system. #DMO Begins 2025 Bonds Auction, Targets N450bn on Monday
-
Oil and Gas2 days agoNUPRC vows not to approve divestments that doesn’t meet considerations
-
Finance2 days agoCardoso seeks collaboration to check cross‑border financial risks
-
Oil and Gas2 days agoIran eases Strait of Hormuz transit rules amid oil shock
-
Oil and Gas2 days agoCourt orders forfeiture of $13m linked to Aisha Achimugu’s firm
-
Oil and Gas2 days agoOil falls as reports of 15-point proposal spurs ceasefire hopes
-
Economy2 days agoNigeria to launch trade platform at ports as part of reform push
-
Finance2 days agoCourt nullifies CBN’s regulatory intervention in Union Bank in 2024, rules it acted beyond its powers