FG Raises N5.85tn from Bonds Market as Interest on 30-year Paper Drops to 17.15%
Following the need to bridge budget deficit, the federal government through the Debt Management Office (DMO) has so far raised a whopping sum of N5.85 trillion via the Bond market in 2023. THISDAY had reported that the federal government through the DMO raised N3.06 trillion from the FGN Bond market in 2022. The monthly FGN […]
High Interest Rate: Mutual funds rise 47% to N2trn, highest in 12yrs
Net Asset Value of Mutual Funds rose 47 per cent, year on year, to N2.019 trillion, the highest in 12 years, driven by investors’ quest for high yields amidst the prevailing high interest rate regime. Vanguard’s findings from the report released by the Securities and Exchange Commission, SEC, showed that the total NAV of the Mutual […]