Search

Nigeria Raises ₦1.63 Trillion in Oversubscribed Bond Auction

Breaking News
© Allen Dreyfus
  • Yield on re-opened bonds declines slightly as CBN holds rates steady
  • Rising debt servicing costs spark concerns over fiscal sustainability

Abuja, Nigeria – Nigeria raised ₦1.63 trillion at its latest bond auction, more than four times the ₦350 billion initially offered, as President Bola Tinubu’s administration seeks to plug a widening budget deficit.

Recent Business

Dr Johnson Asiama, Governor of the Bank of Ghana. Photo: Office of the Governor, BoG/Facebook
Ghana’s central bank weighs gold reserve strategy risks
Read More »
Rwanda motorists Photo @ Pixabay
Rwanda’s economy beats expectations with 9.4% growth
Read More »
Commercial area in Danfo in Lagos, Nigeria. Photo by Ayoola Salako @ Unsplash
Nigeria’s inflation eases to 15.06%. Will the central bank cut rates again?
Read More »

Recent Politics

Uganda president Yoweri Kaguta Museveni. Photo: Yoweri Kaguta Museveni/Facebook
Can Museveni’s leadership and a new funding model rescue East Africa from chronic cash crises?
Read More »
Nigeria young voters protest for reforms. Photo by Ayoola Salako @ Unsplash
Nigeria’s 2027 election raises political risk for investors
Read More »
Edwin Sifuna, Kenya's ODM secretary-general. Photo: Edwin W Sifuna/Facebook
Is Edwin Sifuna Kenya’s new Raila Odinga?
Read More »

Latest Posts

Latest news insights