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

Photo by Guy Basabose @ Unsplash
DR Congo’s $50 million FX boost fails to shift deep dollarisation
Read More »
A community in Mozambique. Photo by Farah Nabil @ Unsplash
Mozambique cuts interest rates again as debt delays shake liquidity
Read More »
Mobile phone usage in Africa is high. Photo by Zac Wolff @ Unsplash
Rwanda, Tanzania advance payment-link plan in boost to East Africa’s digital economy
Read More »

Recent Politics

Kenya's ODM split over age, factions and 2027 political strategy. Photo @ The ODM Party/Facebook
Can Oburu Oginga hold Kenya’s ODM together after Raila Odinga’s death?
Read More »
Patrice Talon, President of Benin Photo @Patrice Talon/Facebook
Benin extends presidential term from five to seven years
Read More »
Bassirou Diomaye Faye, President of Senegal. Photo @ Office of President, Senegal/Facebook
Senegal’s soaring presidency budget sparks scrutiny amid economic strain
Read More »

Latest Posts

Latest news insights