fgn

  • Weekly Giveaway for our active users. N50,000 per Week. Do you want to contribute to this community? We are looking for contribution? What is hot right now? Sign up and get in on the ground floor of the newest, fastest growing Nigerian forum!
  1. O

    FG to Auction ₦120B Bonds: What You Need to Know!

    FG to Auction ₦120B Bonds: What You Need to Know! The Federal Government of Nigeria is set to raise ₦120 billion through the auction of two savings bonds today. This amount marks a significant 33.3% drop compared to the ₦180 billion raised in October, highlighting a slowdown in bond offerings...
  2. O

    FG ENCOURAGES NNPC TO INVEST IN PRIVATE REFINERIES, SHIFTS FOCUS FROM GOVERNMENT-OWNED ONES

    FG ENCOURAGES NNPC TO INVEST IN PRIVATE REFINERIES, SHIFTS FOCUS FROM GOVERNMENT-OWNED ONES Detailed Breakdown: 1. Context: The Minister of State for Petroleum Resources, Heineken Lokpobiri, has advised the Nigerian National Petroleum Company Limited (NNPC) to focus on acquiring equity stakes...
  3. O

    NEW FGN SAVINGS BONDS OFFER HIGHER RETURNS OF 17% AND 18%

    NEW FGN SAVINGS BONDS OFFER HIGHER RETURNS OF 17% AND 18% The Debt Management Office (DMO) has announced the launch of the October 2024 Federal Government of Nigeria (FGN) savings bond offer, which includes two bond series featuring competitive interest rates. These bonds are available for...
  4. O

    FG OFFERS N150BN BONDS FOR SEPTEMBER AUCTION

    FG OFFERS N150BN BONDS FOR SEPTEMBER AUCTION Detailed Breakdown: The Debt Management Office (DMO) has announced that the Federal Government of Nigeria is offering three bonds worth a total of N150 billion for the September auction. These bonds are re-openings of previously issued instruments...
  5. O

    FEDERAL GOVERNMENT INITIATIVES TO REVAMP NIGERIA'S ECONOMY

    FEDERAL GOVERNMENT INITIATIVES TO REVAMP NIGERIA'S ECONOMY The Federal Government of Nigeria has announced a series of initiatives aimed at stimulating economic growth through reduced corporate taxes, single-digit interest rates, and support for local manufacturing. Wale Edun, the Minister of...
  6. O

    FG DEMANDS BVN, NIN FOR $500M BOND SUBSCRIPTION

    FG DEMANDS BVN, NIN FOR $500M BOND SUBSCRIPTION Main Points: 1. New Financial Instrument Requirements: - The Federal Government requires investors in its new domestic dollar bond to provide a Bank Verification Number (BVN) and National Identification Number (NIN). - The bond is part of a...
  7. O

    $500 MILLION DOMESTIC FGN US DOLLAR BOND ISSUANCE

    $500 MILLION DOMESTIC FGN US DOLLAR BOND ISSUANCE 1. Target Audience: - Pension Funds and Banks: The Federal Government is specifically targeting pension funds, which are worth over N20 trillion, and banks as key participants in this maiden bond offering. - Nigerians and Foreigners: The...
  8. O

    PRIVATE JET CONTROVERSY, WINDFALL TAX, AND BANK CAPITALISATION

    PRIVATE JET CONTROVERSY, WINDFALL TAX, AND BANK CAPITALISATION SUMMARY: Recent debates in Nigeria's banking sector have focused on two major issues: a proposed windfall tax on banks' excess profits and the purchase of private jets by bank executives. These topics featured prominently in a...
  9. O

    FG NEEDS N35bn TO RESTART AJAOKUTA LIGHT STEEL SECTION - MINISTER

    FG NEEDS N35bn TO RESTART AJAOKUTA LIGHT STEEL SECTION - MINISTER The Federal Government has made significant progress in raising over N35 billion needed to restart the Ajaokuta Steel Company’s Light Mill Section (LMS), according to Prince Shuaibu Audu, Minister of Steel Development. During a...
Top Bottom