FG has reached 75% of domestic borrowing target for 2024, says DMO

The Director General of the Debt Management Office , Patience Oniha , said the federal government has so far raised N4.5 trillion outThe Director General of the Debt Management Office , Patience Oniha , said the federal government has so far raised N4.5 trillion out of the N6 trillion domestic borrowing target in the 2024 budget.

In March, the federal government could only raise N475.67 billion – far below what was recorded in February despite a higher interest rate.The amount represents an increase of approximately 32 per cent compared to the N475.67 billion raised in the previous month’s auction. President of the Financial Market Dealers Association , Nadia Zakari, said the evolving and unique Nigerian business environment necessitates interactive sessions.

Microsoft CEO Satya Nadella unveiled a new category of PC on Monday that features generative artificial intelligence tools built directly into Windows, the company's world leading operating system. The tech giant estimates that more than 50 million "AI PCs" will be sold over the next 12 months, given the appetite for devices powered by ChatGPT-style…

The Chartered Institute of Bankers of Nigeria has harped on the significance of the banking and foreign exchange market reforms, saying they are in the interest of the country. The National Pension Commission said no fewer than 88,213 new retirement savings accounts holders had been added to the Contributory Pension Scheme in the last quarter of last year.

Source: Loan Digest (loandigest.net)

Domestic Borrowing Target FGN Bond Auction Nigeria Patience Oniha Securitisation

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