TheNewsGuru

Tag: N300bn

  • Reps unearth N300bn unclaimed funds in banks

    Reps unearth N300bn unclaimed funds in banks

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    by

    Emman Ovuakporie
    in

    The House of Representatives ad hoc committee on unclaimed funds on commercial banks in Nigeria has unearthed over N300 billion unclaimed funds in the banks. Chairman of the Committee,Rep. Uyme Idem, said this on Wednesday in Abuja, adding that the amount represented a fraction of unclaimed funds in the commercial banks.

  • DMO’s January bond auction receives N300bn over subscription

    DMO’s January bond auction receives N300bn over subscription

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    by

    Bayo Millz
    in

    The Debt Management Office (DMO) says its just concluded Federal Government of Nigeria (FGN) bond auction for January was oversubscribed. DMO, which made this known in a statement on Thursday, stated that the auction received a total of 160 bids. It revealed some minor adjustments in the bonds offer during the auction. “Our FGN bond…