Nigeria: DMO to Raise U.S.$1.21 Billion in Q3 Amidst Macroeconomic Concerns

1 July 2015

The Debt Management Office (DMO) has concluded arrangements to raise between N180 billion ($900 million) and N240 billion ($1.21 billion) from the sale of FGN bonds in the third quarter of 2015.

DMO disclosed this in its provisional issuance calendar for Q3 2015 released Monday in Lagos. The plan to raise such amount is coming amidst macroeconomic concerns driven by the Nigerian government lack of economic policy direction.

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