Search

Nigeria’s First Local Dollar Bond Sale Oversubscribed as Investors Stake $900 Million

Nigeria's First Local Dollar Bond Sale
  • Nigeria’s inaugural domestic foreign currency bond attracts $900 million in subscriptions for a $500 million offer
  • The bond sale aims to mobilise foreign-currency funds from Nigerians at home and abroad 

 Abuja, Nigeria – Nigeria’s first-ever issuance of local foreign currency-denominated bonds was met with robust demand, as investors placed $900 million in bids for the $500 million offer, Finance Minister Wale Edun said.

You need an active subscription to continue reading this article.

Recent Business

john-middelkoop-j67BWwvS9h8-unsplash
Namibia positions itself as a green hydrogen contender despite export hurdles
Read More »
jakub-zerdzicki-8wLZi9OhsWU-unsplash
Tinubu’s tax reform falls short of ambition after resistance from northern states
Read More »
silhouettes-6576684_1920
Inside the AfDB’s Next Chapter: Debt, Diplomacy and the Tah Doctrine
Read More »

Recent Politics

jakub-zerdzicki-8wLZi9OhsWU-unsplash
Tinubu’s tax reform falls short of ambition after resistance from northern states
Read More »
silhouettes-6576684_1920
Inside the AfDB’s Next Chapter: Debt, Diplomacy and the Tah Doctrine
Read More »
kofi-bhavnani-4c-k7vendbg-unsplash
Public anger mounts in Ghana over new fuel levy to tackle energy debt
Read More »

Latest Posts

Latest news insights