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External Reserves Increase By $42bn, Hit 25-month High On Eurobond Inflow

External Reserves Increase By $42bn, Hit 25-month High On Eurobond Inflow   Nigeria’s external reserves have risen to its highest level in 25 months to $42 billion presently due to the inflow of the recent Eurobond issued by the federal government. Although, the Central Bank of Nigeria’s...

Nigeria To Raise $3bn Eurobond In October – Finance Minister

Nigeria To Raise $3bn Eurobond In October - Finance Minister       Minister of Finance, Budget and National Planning, Mrs Zainab Ahmed has said the nation plans to raise about $3b in the Eurobond market in the second week of October. In an interview with Bloomberg TV, Ahmed...

Nigeria Owes World Bank, Eurobond, Others N12trn

Nigeria Owes World Bank, Eurobond, Others N12trn         At least, 67 per cent of the $31.985 billion (N12.193 trillion) outstanding external debt of Nigeria is for loans taken as Eurobond, a commercial loan, and from the International Development Association (IDA) as of September 2020. According to records...

Constant Revenue Shortfall Affects Nigeria

Constant Revenue Shortfall Affects Nigeria   Nigeria’s debt profile, expectedly, would notch up by $2.93 billion by the end of this week, with a mix of increased costs, courtesy of the ongoing Eurobond debt offering, which government earmarked for capital projects in the 2018 fiscal plan.This...

FG Approves $2.9bn Eurobond Issuance To Fund Budget

FG Approves $2.9bn Eurobond Issuance To Fund Budget The Federal Executive Council on Wednesday approved the issuance of $2.9bn and other securities in Eurobond from the international capital market. The Minister of Finance, Zainab Ahmed, disclosed this to State House correspondents at the end of the...

T-bill Yields Drop As Eurobond Addresses Debt Maturities

T-bill Yields Drop As Eurobond Addresses Debt Maturities Short-term Treasury bill yields fell by 0.5 per cent on Tuesday on expectations the government would sell less debt at auctions in the second quarter after raising $2.5bn via Eurobond. The government has been working to lower its...