Nigeria’s First Domestic Dollar Bond Increases Total Debt By N1.47 Trillion

Nigeria’s first domestic dollar-denominated bond adds N1.47 trillion to the country’s total domestic debt, according to the latest Debt Management Office (DMO) report. The bond accounts for 2.12% of Nigeria’s total domestic debt stock, which stands at N69.22 trillion as of September 30, 2024. This issuance represents a significant step in the Federal Government’s strategy … Continue reading Nigeria’s First Domestic Dollar Bond Increases Total Debt By N1.47 Trillion