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The Fedreal has release as total of N1.2 trillion to finace capital projects in the 2017 Appropriation Act. Given that the 2017 budget was only finalised in July 2017, disbursement of N1.2 trillion over a short period of 6 months to capital, is a strong and positive development in Nigeria. Click here for more
The Debt Management Offices wishes to inform the General Public that the N198.032 billion Nigerian Treasury Bills (NTBs) which will mature in December 2017 will be repaid in full at maturity. The N198.032 billion comprises of N131.415 billion and N66.617 billion of NTBs which will mature on December 14, 2017 and December 21, 2017 respectively. Before now, the practice has been to rollover NTBs at maturity. Click here for full document.
The attention of the Federal Ministry of Finance (FMF), Central Bank of Nigeria (CBN) and the Debt Management Office (DMO) has been drawn to today’s announcement of the decision by Moody’s to downgrade Nigeria from a B1 stable to a B2 stable rating. This is equivalent to Nigeria’s existing B/Stable Outlook rating from S&P and slightly lower than Nigeria’s B+/Negative Outlook rating from Fitch. While we respect the right of Moody’s to make this decision, we strongly disagree with the premise and must address some of the conclusions upon which the decision rests. Click here for full document.