The Federal Government of Nigeria's first-ever domestic US Dollar Bond has attracted a whopping $900 million in subscriptions, underscoring global investor confidence in the nation's economy.
Minister of Finance and Economic Planning, Wale Edun, confirmed the impressive figures, stating, “The issuance of this inaugural domestic FGN US Dollar Bond highlights the continued faith investors have in Nigeria’s economy.”
This bond issue represents a major boost to Nigeria’s financial outlook, showcasing the country’s ability to tap into international markets.
The bond is seen as a strategic move aimed at bolstering foreign reserves and stabilizing the naira amidst fluctuating currency values.
With such a strong market response, the government is optimistic about the country’s economic prospects and future bond offerings.
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