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FG steps up debt pricing with another $500m for 2016 budget

In apparent show of economic strengthening, the Federal Government has stepped up its pricing for the nation’s debt instrument with a second tranche Eurobond issue amounting to USD500 million at a yield of 7.5 per cent, indicating a 37.5 bases points (bps) against the 7.875 per cent it pays for the original instrument of USD1.0 billion, issued in February this year.

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Can the 2016 budget change the fate of Nigerians?

If the number of challenges which the 2016 budget has encountered is anything to go by, the document would go down in history as a special budget. To start with, it is the first budget of change by President Buhari’s government. In which case, it ought to depart from the “rub my back and I will concur” posture of the past. Surprisingly, change didn’t quite occur along that line as efforts were made from the beginning to adulterate the budget.

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