The Federal Executive Council, FEC, on Wednesday approved that $2.9 billion in Eurobond be raised to fund capital projects in the 2018 budget. The Minister of Finance, Mrs Zainab Ahmed, made this known when she addressed State House correspondents at the end of FEC meeting, presided over by President Muhammadu Buhari. Nigeria had in November […]
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United Bank for Africa Plc (UBA) successfully raised USD500 million, though a debut Eurobond, which was 240% over-subscribed. The significant investor demand reflects the strong global investor appetite for UBA’s credit and support for the Group’s pan-African financial services strategy. The Global Offering is a five-year senior unsecured benchmark bond (144A/Reg S) listed on the Irish Stock Exchange and will further […]
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At the federal executive council (FEC) held on Wednesday, the federal government approved the $500 million Eurobond from the international capital market to fund the 2016 budget.Last week, the senate approved the request of Buhari to raise additional $500 million Eurobond to fund the 2016 budget. Kemi Adeosun, minister of finance, said FEC had also […]
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The Acting President, Professor Yemi Osinbajo, has written to the Speaker of the House of Representatives, seeking approval for the issuance of 500 million dollars Eurobond to fund the 2016 budget. According to the letter which was read by the Speaker during plenary, the executive plans to issue the Eurobond in the international capital market […]
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