Search

Nigeria Offers Two- and Three-Year Bonds at Lower Yields

Allen Dreyfus
  • Two-year bonds issued at 16.635%, three-year at 18.635%, reflecting easing inflation expectations
  • Debt sale closes on March 7, with interest payments starting June 12

Abuja, Nigeria – Nigeria offered two- and three-year bonds for sale on Monday at lower yields of 16.635% and 18.635%, respectively, compared with the previous auction, reflecting a shift in market sentiment following the central bank’s decision to pause interest rate hikes.

Recent Business

Solar farm. Photo by Michael Förtsch @ Unsplash
Econet bets on solar-powered industrial park to lure investment into Zimbabwe
Read More »
South Africa's manufacturing sector takes a dip. Photo by Sam Moghadam @ Unsplash
China–Ethiopia trade tops $13bn as Beijing deepens economic footprint in Africa
Read More »
Oil rig. Photo by WORKSITE Ltd. @ Unsplash
Could the US takeover of Venezuela’s oil upset Africa’s crude exports?
Read More »

Recent Politics

William Ruto, President of The Republic of Kenya. Photo: @ William Ruto/Facebook
Kenya’s opposition succession battle draws in Ruto, Uhuru as 2027 race takes shape
Read More »
Samia Suluhu Hassan, President of Tanzania. Photo @ Samia Suluhu Hassan/Facebook
Will Tanzania's shuttle diplomacy to Western nations bear fruits?
Read More »
US Marines and Sailors being transported by Marine Aerial Refueler Transport Squadron 352. Photo by Joel Rivera-Camacho @ Unsplash
US Christmas airstrikes on Nigeria may alter political equation for Tinubu
Read More »

Latest Posts

Latest news insights