Bond Nigerian Central Bank 0% ( NGT032208248 ) in NGN

Issuer	Nigerian Central Bank
Market price	100 % ▲
Country	Nigeria
ISIN code	NGT032208248 ( in NGN )
Interest rate	0%
Maturity	22/08/2024 - Bond has expired
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Minimal amount	/
Total amount	283 043 581 000 NGN
Detailed description	The Central Bank of Nigeria (CBN) is Nigeria's central bank, responsible for issuing currency, managing monetary policy, and regulating the financial system. The bond identified by ISIN NGT032208248 has recently reached its maturity, concluding its lifecycle with a full redemption. Issued by the Central Bank of Nigeria, the principal monetary authority of Africa's most populous nation, this debt instrument matured on August 22, 2024. Denominated in Nigerian Naira (NGN), the issuance represented a substantial total size of 283,043,581,000 NGN. Notably, with a stated interest rate of 0%, this obligation functioned as a zero-coupon bond, and it was successfully redeemed at 100% of its par value on the specified maturity date. The Central Bank of Nigeria, as the primary institution responsible for maintaining monetary stability, managing foreign exchange reserves, and overseeing the banking system in Nigeria, plays a crucial role in the nation's economic landscape. The punctual repayment of this obligation underscores the Bank's commitment to its financial responsibilities and its consistent adherence to repayment schedules within the Nigerian financial ecosystem.