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.

This article is free to read.

Sign up for free or sign in to continue
reading. Unlike our competitors, we don't force you to pay
to read the news but we do need your email address to
make your experience better.

Create your free account or sign in


By signing in, you agree to receive Allen Dreyfus newsletters and updates. You can unsubscribe at any time.

Recent Business

A Ghanaian farmer spreads cocoa beans to dry under the sun. Photo by Zeal Creative Studios @ Pexels
West Africa’s cocoa crisis deepens: Can farmers survive?
Read More »
Photo by Focus Graphite
Uganda graphite advances. Will NASA testing unlock sales?
Read More »
Foodstuff being moved to the market in Accra, Ghana. Photo by Zeal Creative Studios @ Pexels
Nigeria’s poor spend beyond earnings. Can reforms deliver?
Read More »

Recent Politics

Foodstuff being moved to the market in Accra, Ghana. Photo by Zeal Creative Studios @ Pexels
Nigeria’s poor spend beyond earnings. Can reforms deliver?
Read More »
Fuel tanker truck navigating city roads. Photo @ Pexels
Can West Africa afford its rising fuel subsidies?
Read More »
Photo by Fran Ben @ Pixabay | Senegal
Can Senegal’s budget revolt derail its IMF rescue?
Read More »

Latest Posts

Latest news insights