Dangote Cement PLC has announced plans to raise medium- to long-term debt funding from the domestic capital markets to enhance its financial structure and support ongoing operations. The company revealed this in a filing to the Nigerian Exchange on November…
By Esther Agbo The Federal Government of Nigeria, through the Debt Management Office (DMO), plans to raise N150 billion from the bond market in September 2024. This figure marks one of the smallest bond offerings of the year, signalling a…
By Esther Agbo In a turn of events, the Federal Government of Nigeria successfully raised N374.751 billion through its August 2024 bond auction, as investor appetite showed a notable shift toward longer-tenor securities. The auction, managed by the Debt Management…
The Nigerian Federal Government has introduced its Series I Domestic USD Bond, intending to raise a minimum of $500 million from both local and international investors. The government aims to double this amount, seeking $1 billion in total subscriptions through…
By Esther Agbo The federal government secured N225.714 billion from the July 2024 bond auction, achieving approximately 75 percent of its target amid decreased demand for short-term bonds. This represents a 24 percent decline compared to the N297.006 billion raised…
The Debt Management Office, DMO, has announced the issuance of four bonds of N90 billion each, amounting to N360 billion. In a statement on Wednesday, the office said there are offers for subscription by auction and that it is authorised…
