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Nigeria Raises ₦1.63 Trillion in Oversubscribed Bond Auction

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  • 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.

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