The Securities and Exchange Commission, SEC, said yesterday it approved bonds worth N140.79 billion between January and September this year.
The commission said in statistics released in Lagos that it approved a total of 12 bonds during the period.
A breakdown of the bonds showed that eight were sub-national while four were corporate.
The document showed that state governments accounted for N70.29 billion while corporate bonds accounted for N70.50 billion.
The state governments that applied for bonds during the period were Ebonyi, Oyo, Zamfara, Gombe, Benue, Kogi, Plateau and Cross River.
Similarly, the corporate bonds approved were for Mansard Insurance, Fidelity Bank, Nigerian Mortgage Refinance Company and FCMB.
An analysis of the data showed that Ebonyi was given an approval for a sub-national bond worth N9.34 billion while Oyo got approval for N4.80 billion bond.
The bond for Zamfara stood at N7 billion, Gombe got N5 billion bond and Benue got N4.9 billion, among others.
The figures for the corporate bonds showed that Mansard listed N2.5billion.


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