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DMO Blames System And Processing Issues For Delayed Coupon Payments On Savings Bonds

The Debt Management Office (DMO) has attributed the recent delay in coupon payments to savings bond subscribers to system and processing issues according to reports from Bloomberg. The first coupon payment on the two-year and three-year debt instruments, through which the government raised N4.2 billion in June, was due on Sept. 12 but remains unpaid. …

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