Index to Nigerian Newspapers

The federal government borrowed N563.4 billion from the domestic capital market at its latest bond auction, increasing its allotment to N563.359 billion. The DMO had offered four tenors of bonds, including the 10-year, 13.9800 per cent February 2028 bond with a previous stop rate of 13.99 per cent, the 15-year, 12.500 per cent April 2032 bond with a previous stop rate of 14.90 per cent, the 20-year, 16.2499 per cent April 2037 bond with a previous stop rate of 15.90 per cent, and the 30-year, 14.8000 per cent April 2049 bond with a previous stop rate of 16 per cent. The average stop yield closed at 15.31 per cent. At the recent auction of Nigerian Treasury Bills (NTBs), investors had staked N906.21 billion, providing headroom for the government to increase its initial offer by 44.5 per cent. The Central Bank of Nigeria (CBN) had offered N224.50 billion across three tenors of 91-day, 182-day and 364-day NTBs, but total subscriptions by investors peaked at N906.21 billion.