Page content
DMO: Nigeria plans N600 billion bond sale as Tinubu govt deepens domestic borrowing
President Bola Tinubu’s government will raise N600 billion through a new bond auction scheduled for Monday as Nigeria continues to rely on the domestic debt market to finance its fiscal deficit. Specifically, in an offer circular issued on Tuesday, the Debt Management Office said the offer comprised two re-opened bond instruments valued at N300 billion each. Settlement for successful bidders is expected on Wednesday. [...]