DMO Scales Back August Bond Issuance to N1.1 Trillion Despite High Demand
Nigeria’s Debt Management Office trimmed its August FGN bond offering to N1.1 trillion despite pulling in N1.74 trillion in investor bids during July sales.
Business editor with background in financial reporting. 9 years covering Nigerian markets, corporate earnings, macroeconomic trends, and Central Bank policy. CFA charterholder. Regular contributor to business roundtables and economic forums.
Nigeria’s Debt Management Office trimmed its August FGN bond offering to N1.1 trillion despite pulling in N1.74 trillion in investor bids during July sales.
Nigerian textile manufacturers operated at just 53% capacity over the past year, highlighting severe energy, financial, and raw material bottlenecks.
The Central Bank of Nigeria drained N2 trillion in excess cash in April. Here is how tighter liquidity impacts bank lending, MSMEs, and borrowing rates.
A High Court ordered 71 Nigerian banks and fintechs to freeze accounts tied to a ₦1.3 billion cyber-fraud scheme targeting Access Bank Plc.