The debt office, in a circular released this week, said it was increasing the value of the Naira denominated papers to be sold to investors for the second quarter of the year.
The action followed the approval of the conversion of the $2.36 billion external loan to N850 billion domestic loan by the two chambers of the National Assembly recently.
The Senate had first authorised President Muhammadu Buhari to borrow the amount locally. This week, the House of Representatives also approved the same request
The action followed the approval of the conversion of the $2.36 billion external loan to N850 billion domestic loan by the two chambers of the National Assembly recently.
The Senate had first authorised President Muhammadu Buhari to borrow the amount locally. This week, the House of Representatives also approved the same request