Investors’ rush for FG bonds pushes DMO to lower rates by 190bps

The fixed income market recorded heavy demand for the Federal Government of Nigeria (FGN) bonds by investors, which led to a significant drop in stop rates by 190bps on Wednesday.  The Debt Management Office (DMO) issued a total of N177 billion bonds across the  four offered tenors, including the new 2045s paper, according to a…

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