Search

Nigeria to Issue $500 Million Diaspora Bond to Bolster Economy

Allen dreyfus Logo
© Allen Dreyfus
  • The bond aims to attract foreign currency held by Nigerians abroad
  • Minister highlights reliance on domestic financial architecture for the issuance

Lagos, Nigeria – Nigeria is set to issue a $500 million dollar-denominated bond, according to Wale Edun, Minister of Finance and Coordinating Minister for the Economy. Unlike traditional approaches, this bond issuance will not involve the international financial markets.

Recent Business

Sunset at an Industrial Shipping Port for trading. Photo @Pexels
China’s duty-free pivot in Kenya signals Africa trade realignment beyond AGOA
Read More »
The city of Alexandria, Alexandria Governorate, Egypt. Photo by Muhammed Fatih Beki @Pexels
Caught between war and inflation, Egypt pauses rate cuts as risks mount for growth
Read More »
Lagos, Nigeria. © Unsplash
Nigeria banks raise $3.3bn — now the growth gamble begins
Read More »

Recent Politics

Kenya youth protest. Photo by Hassan Kibwana @ Unsplash
Will Kenya's new Gen Z uprising turn voter registration into a global youth political wave?
Read More »
Nigeria young voters protest for reforms. Photo by Ayoola Salako @ Unsplash
Nigeria’s oil paradox in the Iran war: windfall gains, inflation pain
Read More »
A soldier in the war front. Photo by Stijn Swinnen @ Unsplash
Kenya halts recruitment into Russia’s war. Who gains and who loses?
Read More »

Latest Posts

Latest news insights