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Transformation Of Nigerian Bond Market And Its Benefits Orleans Saints Jersey

Nov 19th 2013 at 6:25 PM

The debt management office(Dmo)On sunday said that federal government raised sovereign bond worth n544.06 billion Orleans Saints Jersey to fund the 2013 budget deficit. The dmo director-General, dr abraham nwankwo, disclosed this at the opening of a two-Day workshop in badagry in lagos state. The workshop with the theme:Transformation of nigerian bond market and its benefits, was organised by the capital market correspondents association of nigeria. Nwankwo, who was Cheap Vikings Hats represented by his head of policy, strategy risk management, mr joe ugoala, spoke on the topic:The role of dmo in the transformation of the bond market. Nwankwo said that n744.44 billion was used to fund fiscal deficit in 2012, while N852 billion was also raised in 2011 for the same purpose against N1.36 trillion in 2010, reports News Agency of Nigeria(Nan). The director-General said that before the resuscitation of the sovereign bond market, government borrowing from the domestic market was mainly in the form of 91-Day treasury bills. He said that four nigerian banks took advantage of the sovereign benchmarks, established in the international capital market(Icm), to raise 1.85 billion dollars(N290.45 billion). Nwankwo said that the amount was raised between january 2011 and november 2013.

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