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.

ALSO READ Zuckerberg Streams Live Chat With Men In Space

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.

Previous ArticleNext Article
Daniel Enisan is a content writer at edliner.com. 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.

Leave a Reply

Your email address will not be published. Required fields are marked *