N4trn Budget Deficit: Presidency seeks approval for $500m eurobond

The Presidency on Wednesday sought the approval of the National Assembly to raise additional $500 million eurobond from the international capital market. The fund, according to the Acting President, Yemi…

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Why Nigeria was left with little choice but to do a $1 billion eurobond deal – Feyi Fawehinmi

And so it was that, after a four-year hiatus, Nigeria returned to the Eurobond market with a $1 billion offering that ended up being almost eight times oversubscribed after a…

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Nigeria returns to debt markets with $1bn Eurobond

Nigeria has successfully gone to the bond markets in an effort to get infrastructure investment back on track as a rising oil price and government promises on reform have improved…

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Nigeria to Start Bond Roadshow, Seek Loan From World Bank

Nigeria will soon meet investors before a Eurobond sale and plans to apply for a $1 billion loan from the World Bank once lawmakers approve this year’s budget, Finance Minister…

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Nigeria’s Euro-bond appreciates, Naira Value Depreciates as CBN forex sale drop by 25% …

THE Central Bank of Nigeria (CBN) last week reduced its weekly foreign exchange sale to banks by 25 percent, even as prices of Nigeria’s Eurobond rose amid renewed investor’s interest….

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Nigeria has commitments for $500 mln of its planned Eurobond

Nigeria has $500 million of commitments for the planned $1 billion eurobond it intends to issue before the end of the year and any decision to increase the size of…

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S&P Downgrades Nigeria Further as Oil Woes Worsen

S&P Global Ratings downgraded Nigeria further into junk territory just as Africa’s most populous nation prepares to issue its first Eurobond since 2013, amid low oil prices and severe shortages…

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