The Minister of Finance, Dr. Ngozi Okonjo-Iweala, on Monday expressed concerns over the increasing rate of the nation’s domestic debt, and stated that about 19.87 per cent of the country’s projected revenue for 2014 would be spent on debt servicing. Okonjo-Iweala, who was briefing the private sector on the performance […]
Tag: Nigeria
DMO to Auction N75bn Bonds this Week
The Debt Management Office (DMO) will on Wednesday auction federal government bonds valued at N75 billion. A breakdown of the debt instruments, which are all reopening, showed it comprises of 20-year, 10% FGN Jul 2030 paper worth N35 billion and a three-year, 13.05% FGN Aug 2016 debt worth N40 billion. […]
Foreign investment in Nigeria capital market hits N2.4trn
An Economist with the Lagos Business School has said the foreign portfolio investment in Nigeria’s capital market reached $15 billion (N2.36 trillion) in 2013. Dr Doyin Salami said Nigeria remains one of the fastest growing economies in the world due to increase in activities, international trading relations and reduction in […]
