Demand For Bond Decreases As Investors Shun Bond Auction

On Monday, the Debt Management Office (DMO) held its monthly bond auction for the FGN, offering N225 billion but only receiving N123.9 billion (USD 288.7 million) The bonds were put up for auction through reopenings of 2025, 2032, and 2042 FGN bonds. Nigeria’s bonds are performing below expectations for the first time in several years. … Continue reading Demand For Bond Decreases As Investors Shun Bond Auction