Nigeria To Borrow $10bn From Debt Markets- Minister

Nigerian government authorities are set to hold a non-deal roadshow meeting with investors in London next week for a possible bond sale.

According to Sources, Finance Minister Kemi Adeosun, DMO and CBN officials will update the market next Tuesday on government policies, with Standard Chartered Bank organising the meeting.

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Kemi Adeosun
Kemi Adeosun

“It’s non-deal roadshow to explain government policy to investors. There’s no transaction. It’s been a while since the government came to London to update investors on what’s happening,” the source reportedly said.

“Nigeria plans to borrow as much as $10 billion from debt markets, with about half of that coming from foreign sources, to help fund a budget deficit worsened by the slump in oil prices that has slashed revenues and weakened the naira,” the report added.

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Daniel Enisan is a content writer at With a degree in mass communication, Daniel is a full breed journalist. Daniel is a realist, loves the use of sarcasm, a movie and music junkie. He is also a poet and a good listener.

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