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 [...]
FGN Bond Yields Climb as Govt Cuts Borrowing Despite Strong Demand
