F.G To Raise 120 Billion Naira At Bond Auction

The federal government of Nigeria is set to raise 120 billion naira at a bond auction on September 14, 2016.

However, according to the Debt Management Office, 40 billion Naira each will be raised from debts maturing in 2021, 2026 and 2036, using the Dutch Auction System.

The Federal Government has estimated it will borrow around 900 billion from the local debt market this year to fund a budget deficit projected at 2.2 trillion Naira.

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