NIGERIAN GOVT BORROWED N2.36TRN FROM CAPITAL MARKET IN 2020 – ONYEMA

Written by on January 21, 2021

THE CHIEF EXECUTIVE OFFICER OF THE NIGERIAN STOCK EXCHANGE (NSE), OSCAR ONYEMA, SAYS THE FEDERAL GOVERNMENT RAISED A TOTAL SUM OF N2.36 TRILLION FROM THE CAPITAL MARKET IN 2020.

ONYEMA, WHO DISCLOSED THIS AT A PUBLIC FORUM ON THE 2020 MARKET PERFORMANCE AND OUTLOOK FOR 2021 IN LAGOS, SAID PRIVATE COMPANIES RAISED N192 BILLION DURING THE PERIOD.

HE ADDED THAT THE FEDERAL GOVERNMENT RAISED 92 PERCENT OF BONDS ISSUED DURING THE PERIOD TO FINANCE FISCAL AND INFRASTRUCTURE DEFICITS.

IN FINANCE, A BOND IS AN INSTRUMENT OF INDEBTEDNESS.

THE NSE CHIEF ALSO OUTLINED SOME OF THE ACHIEVEMENTS RECORDED IN THE CAPITAL MARKET LAST YEAR.


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