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Nairaland Forum / Nairaland / General / Politics / Federal Government Repays $500 Million Eurobond Borrowed In 2013 (16274 Views)
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Re: Federal Government Repays $500 Million Eurobond Borrowed In 2013 by Dubetex96(m): 8:36am On Jul 13, 2023 |
Rayban25: my broda we found ourselves in a political polluted society that's why we have such humans in existence |
Re: Federal Government Repays $500 Million Eurobond Borrowed In 2013 by Risingblue008(m): 8:37am On Jul 13, 2023 |
Say una pay the interest not part of the payment Ok? |
Re: Federal Government Repays $500 Million Eurobond Borrowed In 2013 by Nobody: 8:37am On Jul 13, 2023 |
alobright17: The point is what exactly is worth celebrating about paying back a loan? If Nigeria had shame will a country so blessed by God with natural resources to make plenty wealth more than some first world countries have to borrow money at all? I dont know why some of you are so limited in reasoning capacity politicians have really fooled you people. Chai. 1 Like |
Re: Federal Government Repays $500 Million Eurobond Borrowed In 2013 by worksmart(m): 8:38am On Jul 13, 2023 |
Tinubu and eye-service Buhari used to borrow to balance the budget , Tinubu is borrowing before he has even formed his cabinet *SMH* 1 Like 2 Shares
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Re: Federal Government Repays $500 Million Eurobond Borrowed In 2013 by Kukutenla: 8:42am On Jul 13, 2023 |
mrvitalis:Oga, the news was released for their sycophants not for you. They've given them something to hold body for the week. It will read in their dull minds like Tinubu has paid off all of Nigeria's debt 2 Likes 1 Share |
Re: Federal Government Repays $500 Million Eurobond Borrowed In 2013 by alobright17(m): 8:45am On Jul 13, 2023 |
Rayban25: How much has Tinubu borrowed so far? |
Re: Federal Government Repays $500 Million Eurobond Borrowed In 2013 by Mayflowa(m): 8:47am On Jul 13, 2023 |
helinues: You don’t understand anything! If you fail to pay that money on July 12, it’s due date, Nigeria’s economy and naira will sink like crazy. You don’t have any choice but to pay that money. You can’t even borrowed if that money is not paid 1 Like |
Re: Federal Government Repays $500 Million Eurobond Borrowed In 2013 by bigcasava1(m): 8:47am On Jul 13, 2023 |
001Lagos:I like you |
Re: Federal Government Repays $500 Million Eurobond Borrowed In 2013 by MightySparrow: 8:48am On Jul 13, 2023 |
naijapikin2: Buhari, a soldier trained to kill and loot. Tinubu an accountant, trained to be prudent with scarce resources. They are different, differently. 2 Likes |
Re: Federal Government Repays $500 Million Eurobond Borrowed In 2013 by AnonymousMike(m): 8:49am On Jul 13, 2023 |
001Lagos: All dis pessimistic people sef ........at least the man is doing something after all no be him put us for all dis debt.........though I no vote for am ok but at least I am still optimistic about what he will do........if you think say e easy go dere go rule make you know as e be wen Dey carry about 200 million people problems put 4 ur head 1 Like |
Re: Federal Government Repays $500 Million Eurobond Borrowed In 2013 by Nobody: 8:49am On Jul 13, 2023 |
alobright17: How does your question correlate with what I said? Since you feel like being clever by half I ask again, what is celebratory about paying back loan? 1 Like |
Re: Federal Government Repays $500 Million Eurobond Borrowed In 2013 by lexy2014: 8:50am On Jul 13, 2023 |
helinues: Nigeria had previously redeemed a USD500 million Eurobond in July 2018, another USD500 million Eurobond in January 2021, and a USD300 million Diaspora Bond in June 2022. These, together with the USD500 million Eurobond redeemed today, bring the total amount of securities redeemed by Nigeria in the International Capital Market (ICM) to USD1.8 billion. |
Re: Federal Government Repays $500 Million Eurobond Borrowed In 2013 by kunkelhanspeter(m): 8:50am On Jul 13, 2023 |
[quote author=Writergreat68 post=124383651][/quote] So we have to pay $31,875,000 interest every year for 10 years that is $318,750,000. 😮!!!! They used loan to cage us that why black nations will never develop. |
Re: Federal Government Repays $500 Million Eurobond Borrowed In 2013 by lexy2014: 8:51am On Jul 13, 2023 |
Paragon311: Why are you hoping? I thought removing fuel Subsidy was the solution to all Nigerias problems? How much funds have been generated from d removal of subsidy from kerosene and diesel? |
Re: Federal Government Repays $500 Million Eurobond Borrowed In 2013 by lexy2014: 8:55am On Jul 13, 2023 |
AnonymousMike: What will he do that makes you optimistic? But the same Tinubu at a time criticised Jonathan heavily and asked Jonathan to resign. Where were u then? Since he thought Jonathan wasn't doing a good job, he now has d opportunity to do better. Meanwhile, I guess u missed this part of the article. Nigeria had previously redeemed a USD500 million Eurobond in July 2018, another USD500 million Eurobond in January 2021, and a USD300 million Diaspora Bond in June 2022. These, together with the USD500 million Eurobond redeemed today, bring the total amount of securities redeemed by Nigeria in the International Capital Market (ICM) to USD1.8 billion. |
Re: Federal Government Repays $500 Million Eurobond Borrowed In 2013 by Angelfrost(m): 8:55am On Jul 13, 2023 |
Everything is newsworthy these days about this administration! You guys seem quite desperate to show off the administration as working! Why not allow the citizens be the judge through their daily living conditions! |
Re: Federal Government Repays $500 Million Eurobond Borrowed In 2013 by Ayomivic(m): 8:56am On Jul 13, 2023 |
I believe those money borrowed by the past administrators were stocks somewhere go after them and recover those money back to pay the debt. |
Re: Federal Government Repays $500 Million Eurobond Borrowed In 2013 by Chucks13: 9:02am On Jul 13, 2023 |
001Lagos: Don't worry we know if even Tinubu pay all our debt yet you won't be please so your opinion is nothing just maintain your wailling status ok. A govt of just one month could coughed out $500m to repay debt yet you are still wailling pls carry on. Obj cleared a huge part of our debt yet you wailled, Gej came added a bit more debt but have good strategy and he improved our economy yet you wailled so pls carry on but for us by fire by force under this administration we will never experience Buhari failure as God live, Nigeria is my country and I'm proud of it. |
Re: Federal Government Repays $500 Million Eurobond Borrowed In 2013 by alobright17(m): 9:02am On Jul 13, 2023 |
Rayban25:now let me answer your question. Repayments boasts investment confidence and attracts more investors. A news is posted of a repayment is that what you called celebration? You rather they don't post the news or what exactly is your point? B 1 Like |
Re: Federal Government Repays $500 Million Eurobond Borrowed In 2013 by alobright17(m): 9:05am On Jul 13, 2023 |
Rayban25:I've read the post over and again and I'm yet to see where anyone mention celebration. You can help me with the celebration part. Okay are you sad that they made the payment? |
Re: Federal Government Repays $500 Million Eurobond Borrowed In 2013 by OmoOlomo1: 9:08am On Jul 13, 2023 |
Great from Tinubu government. Anything that will make Nigerian great should be paramount to everybody |
Re: Federal Government Repays $500 Million Eurobond Borrowed In 2013 by Henz81: 9:11am On Jul 13, 2023 |
Paragon311:Yeah at the expense of the citizens. The poor Nigerians are paying the money embezzled by the corrupt politicians through subsidy. And somebody is saying Tinubu is working. Nonsense |
Re: Federal Government Repays $500 Million Eurobond Borrowed In 2013 by porthouse7(f): 9:12am On Jul 13, 2023 |
001Lagos:mumu, na ur beloved gej borrow the money |
Re: Federal Government Repays $500 Million Eurobond Borrowed In 2013 by iSense247: 9:12am On Jul 13, 2023 |
001Lagos:You are indirectly insulting Obidients in Osun State. Stop being tribalistic. |
Re: Federal Government Repays $500 Million Eurobond Borrowed In 2013 by oyatainer(m): 9:20am On Jul 13, 2023 |
001Lagos: Cluelessness did not even allow you to check the date of loan. We are talking about 2013 here. When we you learn to reason before you talk? |
Re: Federal Government Repays $500 Million Eurobond Borrowed In 2013 by Igwe9(m): 9:20am On Jul 13, 2023 |
[font=Lucida Sans Unicode][/font] Lordsocrates:Oga, the bond tenure is 10years, it has reached it's maturity time. It is just like saying that Bank paid you back your fixed deposit . Eurobond is auctioned every now and then, Some individuals also invested in it through the Federal government. Why wasn't the other repayment made by Buhari administration echoed like this? |
Re: Federal Government Repays $500 Million Eurobond Borrowed In 2013 by Bimpe29: 9:25am On Jul 13, 2023 |
Renewed Hope is here helinues: |
Re: Federal Government Repays $500 Million Eurobond Borrowed In 2013 by Nobody: 9:52am On Jul 13, 2023 |
001Lagos: I'm dedicating the underlisted song to you, in admiration of your tenacity and doggedness, and your never tiring efforts at calling out the bullshit of the APC supporters on this platform: Givin' Dem - Young Willis ft Timaya, Oriental choir. 1 Like |
Re: Federal Government Repays $500 Million Eurobond Borrowed In 2013 by Nobody: 9:59am On Jul 13, 2023 |
mrvitalis: Don't mind these buffoons on nairaland! As if they didn't see it in the body of the thread when it was stated that the same instalment of bonds have been repaid on two good occasions within the last 6years. Treasury bonds are obligatory debts wey them no born your papa well make you default. The lone fact that Buhari paid them severally and it never made the news should tell you how very mediocre the Tinubu propaganda machinery is. Just like a father in the home paying his children's fees and you're praising him for doing his duty. APC supporters on nairaland are just big goats! |
Re: Federal Government Repays $500 Million Eurobond Borrowed In 2013 by Bfly: 10:14am On Jul 13, 2023 |
So far Tinubu has been operating on false standard. The bond is due. The Federal government is compulsed to pay. |
Re: Federal Government Repays $500 Million Eurobond Borrowed In 2013 by Helel(m): 10:20am On Jul 13, 2023 |
mrvitalis: Most of the fools have never heard of treasury, binds and bills b4. Do you expect them not to be happy? ; We live in a Clown country. |
Re: Federal Government Repays $500 Million Eurobond Borrowed In 2013 by LadiPole: 10:37am On Jul 13, 2023 |
Let the keep guessing g ! |
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