FGN Bond Yields Climb as Govt Cuts Borrowing Despite Strong Demand
Nigeria’s Debt Management Office has raised borrowing costs at its latest bond auction, even as it scaled back the total amount allotted, signaling a more cautious approach to managing public debt. Dated-term auction results show that subscriptions reached about N931.5 billion against a N750 billion offer, indicating consistent investor demand. But the government sanctioned [...]