Naira Records Slight Gains After Nigeria Raises $4bn In Eurobond           Following yesterday’s report of the $4 billion Eurobond Nigeria raised, which was dubbed one of the biggest financial trades to come out of Africa in 2021, Naira appreciated marginally at both the black market and...

Fed Govt Opens $3bn Eurobond Borrowing Plan, Woos Local Investors             The Debt Management Office has disclosed that Nigeria is back in the International Capital Market after about three years with a plan to raise at least $3bn from Eurobond issuance. This was contained in a statement...

Paris Club Refund: Govs Ask Banks To Stop $418m Consultants Pay         The Nigeria Governors’ Forum (NGF) has asked banks not to proceed with the payment of $418.9 million to consultants as directed by the Minister of Finance, Budget and National Planning, Zainab Ahmed. The minister had...

Nigeria’s Eurobonds Debt Rose By $9.37bn In Five Years       Commercial loans obtained by Nigeria through Eurobonds rose from $1.50bn as of December 31, 2015 to $10.87bn as of December 31, 2020, indicating a $9.37bn or 625 per cent increase in five years. The debt stock remained...

FG Raises N1.923trn Through Savings, FGN Bonds In Eight Months       In a development that shows sustained investors’ confidence in the Nigerian debt market, the federal government through the Debt Management Office (DMO) in raised a whooping N1.923 trillion from bond auctions from January till date. The...

FG Offers N150bn Long-term Bonds       The Federal Government will auction medium-to long-term bonds valued at N150 billion as part of government’s efforts to access debt capital from the domestic capital market to bridge declining revenues and restructure the general balance of the national debt stock The...