Global Statistics

All countries
528,574,022
Confirmed
Updated on May 24, 2022 8:26 pm
All countries
484,799,801
Recovered
Updated on May 24, 2022 8:26 pm
All countries
6,302,605
Deaths
Updated on May 24, 2022 8:26 pm

COVID-19 Global Statistics

All countries
528,574,022
Confirmed
Updated on May 24, 2022 8:26 pm
All countries
484,799,801
Recovered
Updated on May 24, 2022 8:26 pm
All countries
6,302,605
Deaths
Updated on May 24, 2022 8:26 pm

Support Corruption-Free

Supporting Corruption-Free isn’t a transaction for an online service. Our Community is for people like you who care about a common good: ensuring that balanced, independent coverage of Nigeria and the world continues to be available to millions across the world, for free.

Nigeria FG To Issue 30-year Bond For First Time – DMO

Future of Chelsea FC Uncertain As Abramovich Is Urged To Sell Club

UK has yet to decide whether to sanction the Russian billionaire, who has failed to condemn Moscow since the Ukraine invasion and is said to have ‘privileged access’ to Putin

German Envoy to Israel: Putin’s Nazi Accusations ‘Abhorrent’

Ambassador Susanne Wasum-Rainer decries Russian leader’s ‘distortion of the Holocaust’; says chancellor’s visit amid global crisis shows strength of Israel-Germany ties

Footage shows Israeli’s car coming under Ukrainian fire in deadly mistaken identity

Report says Roman Brodsky now believed to have been killed by Ukrainian civilian defense militia; ‘How can you shoot without checking? Animals!’ exclaims his partner

Canadian Telcos Waive Long Distance Connection Fees To Ukraine

Canada’s major telecommunication providers have all waived long-distance fees for connections to Ukraine, to allow Canadians to stay in touch with friends...

PASTOR ADEBOYE’S HUMILITY NOT ALTERED BY HIS MANY ACHIEVEMENTS – VP OSINBAJO

As Pastor Enoch Adeboye, the General Overseer of the Redeemed Christian Church of God (RCCG) clocks 80, a unique lesson for all...

The Debt Management Office (DMO), says the Federal Government will on April 24, issue a 30-year bond for the first time.

The DMO said in a circular on its website on Wednesday in Abuja, that the N20 billion 30-year paper would mature in April 2049.

Other bonds on offer are a 10-year new issue of N40 billion to mature in April 2029 and a five-year re-opening of N40 billion to mature in April 2023, which was offered at 12.75 per cent.

The circular, however, did not indicate the interest rates for the new issues.

Ms Patience Oniha, the Director-General, DMO had at a news conference on April 4, revealed plans by the Federal Government to issue the 30-year paper.

She said that the bonds were considered, given the relatively low interest rates compared to 2017 levels of more than 18 per cent.

“The issuance of the bond will meet the needs of annuity funds and other long term investors while also developing the domestic capital market and reducing the re-financing risk of the Federal Government.

“Another area of focus will be the management of risks associated with the debt stock to mitigate debt service costs.”

She added that the 30-year issue would enable government raise long-term capital for infrastructure, serve as benchmark for private sector raising of long-term investment capital.

It would also reduce short-term debt and deepen the Life Insurance sector in particular.

According to DMO, units of sale is N1,000 per unit, subject to a minimum subscription of N50 million and in multiples of N1,000 thereafter.

According to the News Agency of Nigeria (NAN) reports that the bonds are backed by the full faith and credit of the Nigerian Government, with interest payable semi-annually to bondholders, while bullet repayment will be made on maturity date.

Nigeria issues sovereign bonds monthly to support the local bond market, create a benchmark for corporate issuance and fund its budget deficit.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

For security, use of Google's reCAPTCHA service is required which is subject to the Google Privacy Policy and Terms of Use.

I agree to these terms.

Hot Topics

Future of Chelsea FC Uncertain As Abramovich Is Urged To Sell Club

UK has yet to decide whether to sanction the Russian billionaire, who has failed to condemn Moscow since the Ukraine invasion and is said to have ‘privileged access’ to Putin

German Envoy to Israel: Putin’s Nazi Accusations ‘Abhorrent’

Ambassador Susanne Wasum-Rainer decries Russian leader’s ‘distortion of the Holocaust’; says chancellor’s visit amid global crisis shows strength of Israel-Germany ties

Footage shows Israeli’s car coming under Ukrainian fire in deadly mistaken identity

Report says Roman Brodsky now believed to have been killed by Ukrainian civilian defense militia; ‘How can you shoot without checking? Animals!’ exclaims his partner

Related Articles

Future of Chelsea FC Uncertain As Abramovich Is Urged To Sell Club

UK has yet to decide whether to sanction the Russian billionaire, who has failed to condemn Moscow since the Ukraine invasion and is said to have ‘privileged access’ to Putin

German Envoy to Israel: Putin’s Nazi Accusations ‘Abhorrent’

Ambassador Susanne Wasum-Rainer decries Russian leader’s ‘distortion of the Holocaust’; says chancellor’s visit amid global crisis shows strength of Israel-Germany ties

Footage shows Israeli’s car coming under Ukrainian fire in deadly mistaken identity

Report says Roman Brodsky now believed to have been killed by Ukrainian civilian defense militia; ‘How can you shoot without checking? Animals!’ exclaims his partner