FGN bond auction undersubscribed as DMO faces uphill task on N14.3trn funding target

The Debt Management Office (DMO) is facing mounting pressure in its domestic borrowing programme after its latest Federal Government of Nigeria (FGN) bond auction recorded weaker-than-expected investor demand, raising concerns about the government’s ability to meet its ambitious N14.3 trillion funding target for 2026. At the March primary market auction, the DMO raised N486 billion […]

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