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August 2021 FGN Savings Bonds Offer for Subscription

August 2021 FGN Savings Bonds Offer for Subscription
naija247news.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from naija247news.com Daily Mail and Mail on Sunday newspapers.

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More worries over borrowings, foreign reserves depletion

More worries over borrowings, foreign reserves depletion
guardian.ng - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from guardian.ng Daily Mail and Mail on Sunday newspapers.

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N2.343trn new borrowing request captured in 2021 budget – DMO

Ms Patience Oniha, Director-General, Debt Management Office, NigeriaThe Debt Management Office (DMO) said President Muhammadu Buhari’s request for N2.343 trillion new borrowing was already captured in the 2021 budget.
The DMO made the clarification in tweets on Tuesday following Buhari’s request to the National Assembly to approve the new borrowing to fund critical capital projects in the 2021 budget.
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The News Agency of Nigeria (NAN) reports that Senate President Ahmed Lawal presented Buhari‘s request to the senators at plenary on Tuesday.
DMO explained that proceeds of the loan were to be deployed to capital projects in various sectors of the economy. ....

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'It's part of 2021 budget' -- DMO clarifies Buhari's $6bn loan request

The DMO says the $6 billion (N2.34 trillion) loan request of President Muhammadu Buhari is not new and has been captured in the 2021 budget. ....

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Buhari seeks NASS approval to raise N2.343trn to finance 2021 Budget deficit

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The Senate on Tuesday received a request from President Muhammadu Buhari to raise the sum of N2,343,387,942,848 from multilateral and bilateral lenders, as well as the International Capital Market (ICM) through the issuance of Eurobonds.
The amount which is equivalent to USD$6, 183,081,643.40 at the Budget Exchange Rate of USD$1/N379, is captured as New External Borrowing in the 2021 Appropriation Act (Item No.330), and meant to part-finance this year’s Budget Deficit of N5.602 trillion.
The request was contained in a letter addressed to the Senate President, Ahmad Lawan, and read during plenary.
According to the President, the request was made in line with the provisions of Sections 21(1) and 27(1) of the Debt Management Office (Establishment) Act, 2003. ....

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