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

North west Namibia. Photo by Vicky Sim @ Unsplash
Namibia confronts reality as 58% rely on informal work
Read More »
Ivory Coast supporters of a political party on the street. Photo by Yanick Folly @ Unsplash
Senegal’s hidden-debt crisis and Côte d’Ivoire’s $844mn IMF windfall: reform or risk?
Read More »
Luanda, Angola. © Unsplash
Angola cuts benchmark rate to 18.5% as inflation falls
Read More »

Recent Politics

Fishing near the Indian Ocean. Photo by Egle Sidaraviciute @ Unsplash
Uganda’s Museveni sparks regional tensions with Indian Ocean claim
Read More »
Kenya's ODM split over age, factions and 2027 political strategy. Photo @ The ODM Party/Facebook
Can Oburu Oginga hold Kenya’s ODM together after Raila Odinga’s death?
Read More »
Patrice Talon, President of Benin Photo @Patrice Talon/Facebook
Benin extends presidential term from five to seven years
Read More »

Latest Posts

Latest news insights