DMO to raise N450bn in April bond auction

The Debt Management Office (DMO) is seeking to raise N450 billion in its bond auction billed to take place on April 15.

The move was in line with the agency’s plan to raise up to N1.8 trillion through FGN bonds in the second quarter (Q2) of 2024.

In Q1 2024, the DMO raised N2.39 trillion through FGN bonds, with the largest issuance occurring in February.

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