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Nigeria Seeks N350 Billion in Bond Auction Amid Fiscal Gap Funding

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© Allen Dreyfus
  • Government aims to raise N1.8 trillion in Q1 to address budget shortfall
  • Bonds offer attractive yields as inflation signals point to potential rate cuts

Lagos, Nigeria – Nigeria has put up two bonds worth a combined N350 billion for sale on Monday, according to an offer circular from the Debt Management Office (DMO). The auction is part of the government’s broader plan to raise N1.8 trillion in debt within the first quarter of 2025 to address its fiscal gap.

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