Nigeria/May 15, 2019/Agency Report /No Comment/139 views /nigeria Nigeria’s outstanding domestic debt stands at N12.4 billion – CBNshare on:FacebookTwitter Google +Pinterest Tumblr Linked InEmailSend to Email Address:Your NameYour Email AddressEmail check failed, please try againCancelThe Central Bank of Nigeria (CBN) on Wednesday said the country’s outstanding domestic debt stood at N12.44 billion as at December 2018. This was contained in the bank’s 2018 Annual Activity Report released by the Financial Markets Department, CBN, and posted on its Website on Wednesday in Lagos. The CBN said the figure represented a decrease of N146.35 million or 1.16 per cent when compared to N12.59 billion in 2017. ALSO READ Human trafficking: We have received 4,764 returnees – Edo TaskforceAccording to the CBN, the decline was due to the Federal Government’s preference for foreign borrowing to finance its fiscal deficit at attractive rates. It said, “The debt stock comprised FGN bonds worth N9.13 billion or 73.41 per cent, FGN Saving Bonds worth N10.75 billion or 0.09 per cent, FGN Sukuk worth N200.00 billion or 1.61 per cent. ALSO READ Neymar wants to stay at PSG, says father | The Guardian Nigeria News - Nigeria and World News“FGN Green Bonds worth N10.69 billion or 0.09 per cent, FGN Special Bonds worth N200.54 billion or 1.61 per cent, and NTBs worth N2,735.97 billion or 21.99 per cent.” The regulator also said the country’s outstanding treasury bonds worth N150.99 billion constituted the remaining 1.21 per cent. The bank added that the cost of servicing the debt grew by 23.65 per cent to N1.8 billion, compared to N1.46 billion at the end of 2017. ALSO READ Davido Speaks On Osun Tribunal RulingIt said, “The increase in the cost of debt servicing in 2018 was attributable to the coupon payments of new instruments such as FGN Sukuk, Green bonds and FGN Savings.” (NAN) Leave A Comment Below Related Tags:nigeria share on: FacebookTwitter Google +Pinterest Tumblr Linked InEmailSend to Email Address:Your NameYour Email AddressEmail check failed, please try againCancel previous articleTwo Nigerians Arrested In India For Allegedly Robbing ATMsnext articleSenate Committee approves second term for Emefiele as CBN GovernorRelated Posts443 shares Nigeria/May 26, 2019 /No Comment Why unions are after me, NAN Managing Director opens upNigeria/May 26, 2019 /No Comment Onaiyekan prays against ‘bad advisers’ for Buhari – The Nation NewspaperEmefiele: CBN has no multiple exchange rates – The Nation NewspaperNgige advises states no to delay minimum wage payment – The Nation NewspaperSenate, House ‘rush’ to amend EFCC Act – The Nation NewspaperSupreme Court goofed on Zamfara verdict, APC NWC meets MondayGhanaian varsity offers $40,000 scholarship to UTME best, Ekene – The Nation NewspaperAir Force strikes neutralise scores of bandits in Zamfara – The Nation NewspaperNNPC posts $490.03m export of crude oil, gas – The Nation NewspaperAgenda for incoming governments – The Nation Newspaper Leave a Response Cancel reply CommentName Email Sign me up for the newsletter! Notify me of follow-up comments by email. Notify me of new posts by email.