FX Reserves Set to Hit $45bn with Eurobond Boost – Report
Nigeria’s foreign exchange reserves are projected to rise to $45bn by the end of 2025, driven by strong investor confidence following the country’s successful $2.3bn Eurobond issuance, according to investment house CardinalStone.
In its Macroeconomic...
FG Raises $2.25bn from Eurobond Amid Global Tensions
The Federal Government has re-entered the international capital market with a $2.25 billion Eurobond issuance that attracted strong investor interest, despite global uncertainty triggered by U.S. President Donald Trump’s recent threat of military action.
The dual-tranche Eurobond, comprising...
Nigeria’s total public debt has risen to N152.40 trillion as of June 30, 2025, from N149.39 trillion recorded at the end of March, according to the latest data released by the Debt Management Office (DMO).
The Debt Management Office (DMO) has launched the September 2025 Federal Government of Nigeria (FGN) savings bonds, offering investors attractive interest rates of up to 16.541% per annum.
FG Issues N136bn in Medium-term Bonds
The Federal Government of Nigeria has successfully allotted a total of N136bn in its recently concluded five- and seven-year bond auctions, with marginal rates of 17.945 per cent and 18 per cent, respectively.
According to the offer document on its...
The federal government has approved Nigeria’s medium-term debt management strategy (MTDS) for the 2024-2027 fiscal year, pegging the debt-to-gross domestic product (GDP) ratio at 60 percent.
