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

A train on a railway. Photo by Nico Wall @ Pixabay
Lobito rail deal attracts $753mn funds to power Angola’s minerals corridor
Read More »
Namibia. Photo by Wboroma @ Pixabay
Namibia inflation eases to 3.4% in December
Read More »
Hydroelectric dam. Photo by Dr Purna Sreeramaneni @ Unsplash
Zambia, Zimbabwe inject $440mn into regional hydropower project
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