Home BUSINESS DEBT: FG Reduces Exposure In Domestic Borrowing For Corporate Entities – DMO

DEBT: FG Reduces Exposure In Domestic Borrowing For Corporate Entities – DMO

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The Debt Management Office DMO says the Federal Government is reducing its exposure in the domestic market to pave way for borrowings by corporate entities.

The DMO’s Director-General, Patience Oniha, said in Lagos that government had reduced its exposure in the bond market for corporate entities to raise funds.

She said apart from the government decision to reduce domestic borrowing, the Securities and Exchange Commission SEC and the Nigerian Stock Exchange NSE had issued new guidelines and reduced fees for people to borrow.

Oniha said that apart from issues of infrastructure for trading in fixed income securities, the market regulators had done a lot of ground work to make the market attractive.

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