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

Usakos, Namibia. Photo @ Unsplash
Namibia GDP growth slows to 1.9% in Q3 2025
Read More »
Man pushing truck with gallons of water in Benin. Photo by Dananjaya Nugraha @ Unsplash
Benin bond sale draws scrutiny as Togolese investors take entire $165mn issue
Read More »
railway-1555348_1920
US backs Angola rail corridor to reshape global critical minerals supply chains
Read More »

Recent Politics

Patrice Talon, President of Benin Photo @Patrice Talon/Facebook
Benin court backs constitutional overhaul, extending terms after coup scare
Read More »
African military exercise. Photo by Alexander McKinley @ Unsplash
Can a US-brokered deal finally end the DRC - Rwanda conflict?
Read More »
Patrice Talon, President of Benin Photo @Patrice Talon/Facebook
Benin coup attempt foiled as ECOWAS warns of regional force deployment
Read More »

Latest Posts

Latest news insights