Gold recovered some ground on Wednesday, September 30, but remained on course to lose more than 5% for the month as expectations of higher US interest rates weighed on demand.
The Federal Government is targeting ₦1 trillion from investors through its September 2026 FGN bond auction, with the Debt Management Office (DMO) setting a minimum subscription of ₦50.001 million.
The Commissioner for Finance, Mr Emem Almond Bob, disclosed this on Tuesday during a press briefing at Government House, Uyo, describing the debt clearance as part of efforts to reduce inherited liabilities and strengthen the state's financial position.