Search

Nigeria opens retail savings bonds at lower yields after rate hold

Breaking News
© Allen Dreyfus
  • Coupon rates cut slightly as DMO taps retail market for $2 billion in local funding
  • Moody’s upgrades Nigeria’s credit rating, citing reforms and improved fiscal outlook

Lagos, Nigeria – Nigeria opened subscriptions for two retail savings bonds on Monday at yields slightly below those of the preceding auction, signalling a shift in sovereign debt strategy after the central bank held interest rates steady last month.

You need an active subscription to continue reading this article.

Recent Business

Mobile phone usage in Africa is high. Photo by Zac Wolff @ Unsplash
MTN Ghana profit surges 46% as data and fintech drive growth
Read More »
Elderly woman on a busy street. Photo by Ink Pond @ Unsplash
Nigeria’s pension assets hit record $17 billion amid reform success
Read More »
Giza, Egypt. Photo by Phillip Wang @ Unsplash
Egypt sees record $26.6bn remittance surge as reforms pay off
Read More »

Recent Politics

Young protestors. Photo by Oladipo Adejumo @ Unsplash
Kenyan activists missing in Uganda after Bobi Wine rally sparks outcry
Read More »
Worsening floods, droughts as a result of climate change hit Africa. Photo by Matt Palmer @ Unsplash
Rwanda targets $12bn to tackle climate crisis and cut emissions by 53%
Read More »
William Ruto, President of The Republic of Kenya. Photo: @ William Ruto/Facebook
Kenya faces political uncertainty after Raila Odinga’s death
Read More »

Latest Posts

Latest news insights