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DMO fails to raise N117bn, CBN tightens policy

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The Debt Management Office has failed to raise N117bn from the sales of Federal Government]s N225bn Bond programme as subscription levels weakened in its October FGN bond auction. The auction document on the DMO’s website showed that the agency offered N225bn for subscription to investors but raised N107.88bn through re-openings of the 14.55 per cent


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