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Federal Government raises N264.527 billion from September bond auction amid lower rates

The Nigerian Federal Government has raised N264.527 billion at its September bond auction, according to the Debt Management Office (DMO). The auction, held on September 23, 2024, reopened three tranches of Federal Government of Nigeria (FGN) bonds: the 19.30% FGN APR 2029 (5-year bond), the 18.50% FGN FEB 2031 (7-year bond), and the 19.89% FGN …

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