Search

Nigeria Launches $500 Million Dollar Bond to Tap Diaspora Funds

Breaking News
© Allen Dreyfus
  • First tranche of a $2 billion bond programme targets foreign currency holdings of Nigerians at home and abroad
  • Funds to support government finances and infrastructure projects

Abuja, Nigeria – Nigeria has issued $500 million of dollar-denominated bonds this morning, marking the first tranche of a $2 billion bond programme aimed at mobilising foreign currency funds held by citizens both domestically and internationally to bolster government finances and fund infrastructure projects.

Recent Business

Power line or electricity line grids Photo by Fré Sonneveld @ Unsplash
Nigeria billionaire Femi Otedola exits Geregu Power in surprise $750mn deal
Read More »
Dr Cassiel Ato Forson, Ghana's Minister of Finance. Photo @ Ghana Parliament/Facebook
Ghana repays $709mn Eurobond obligation ahead of deadline
Read More »
Makkala nguzu Market, Choma, Zambia. Photo by Seiko Yamada @ Unsplash
Zambia inflation ticks up in December despite stronger currency
Read More »

Recent Politics

don-jackson-wyatt-sbhubyl7lWI-unsplash
US launches deadly airstrikes against terrorist groups in Nigeria
Read More »
African election. Photo by Mikhail Nilov @ Pexels
East Africa’s electoral bodies face credibility test over disputed polls
Read More »
Patrice Talon, President of Benin Photo @Patrice Talon/Facebook
Benin court backs constitutional overhaul, extending terms after coup scare
Read More »

Latest Posts

Latest news insights