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.

Recent Business

Iron ore mining site. Photo by Bishnu Sarangi @ Pixabay
South Africa mining rebounds in Q3 as iron ore, PGMs lift output and sales
Read More »
Mobile money instant payment in Africa. Photo by Olumide Bamgbelu @ Unsplash
PayPal targets Africa with cross-border digital wallet in 2026
Read More »
African map. Photo by Joachim Schnürle @ Pixabay
Can Africa really have one central bank by 2026?
Read More »

Recent Politics

African military exercise. Photo by Alexander McKinley @ Unsplash
Can a US-brokered deal finally end the DRC - Rwanda conflict?
Read More »
Patrice Talon, President of Benin Photo @Patrice Talon/Facebook
Benin coup attempt foiled as ECOWAS warns of regional force deployment
Read More »
William Ruto, President of The Republic of Kenya. Photo: @ William Ruto/Facebook
Ruto strengthens 2027 re-election bid as UDA sweeps key Kenya by-elections
Read More »

Latest Posts

Latest news insights