FG raises additional 96.74 billion naira to finance 2018 budget

Federal Government has announced that it had raised additional 96.74 billion naira to finance the 2018 Appropriation Act.

A statement issued by the Debt Management Office-DMO and made available to newsmen in Abuja, says the funds were raised through issuance of the FGN Bond in the primary debt market.

According to the DMO, the bonds were issued for three different tenors and were oversubscribed by more than 60 billion naira.



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