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DMO to Appoint Legal, Technical Advisers for Eurobond.

Aug 09 2016
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DMO to Appoint Legal, Technical Advisers for Eurobond.  Thisday Online

The Debt Management Office (DMO), on behalf of the federal government, has commenced the process of appointing two international banks as joint lead managers and a local bank as financial adviser for the planned Federal Government Medium Term Note (FGMTN) Programme (2016-2018) as well as the issuance of $1 billion out of the $4.50 billion FGMTN programme in 2016.


In addition, the federal government is also seeking to retain the services of an international and Nigerian law firms which will act as joint legal advisers for the FGMTN.  The legal advisers will be appointed separately by the DMO.


Furthermore, the federal government plans to engage the services of a technical adviser on communication who will be required to work with other transaction advisers to ensure the successful implementation of the FGMTN.  Read more


Naira on recovery path as banks kick-start dollar sale to BDCs.  Vanguard Online

Mr Harisson Owoh, an accountant, on Monday said that the Naira was on the path to recovery as banks were set to sell Forex to Bureau De Change Operators (BDCs).


Owoh, a BDC operator, in Lagos said that its members had received signals from banks to fund their accounts in readiness for the sale.


According to him, the resumption in dollar sale to BDCs will see the dollar appreciate in all the segments of the forex market.  Read more

Last changed: Aug 09 2016 at 1:14 PM