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Nigeria Targets Up to 1.8 Trillion Naira in Bond Sales for Q1 2025

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  • Five-, seven-, and 10-year bonds to be issued, with yields ranging from 18.50% to 19.30%.
  • Proceeds aimed at addressing a 13 trillion naira budget deficit for the year.

Abuja, Nigeria – Nigeria plans to raise as much as 1.8 trillion naira in bond sales during the first quarter of 2025, according to a calendar released by the Debt Management Office (DMO). The bonds include five-, seven-, and 10-year maturities, with the shorter tenures being re-openings and the 10-year representing new issues. Announced yields range between 18.50% and 19.30%.

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