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

An oil worker on the field. Photo by Chintya Akemi Keirayuki @ Unsplash
Africa’s winners and losers as Iran war reshapes oil, gold markets
Read More »
Dar es Salaam, Tanzania. © Unsplash
Bank of Tanzania takes equity stake in Africa Finance Corporation
Read More »
Ziguinchor, Senegal. Photo by Sweder Breet @ Unsplash
Senegal exports plunge 50% as gold collapse exposes economic vulnerability
Read More »

Recent Politics

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 »
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 »

Latest Posts

Latest news insights