• Login
  • Register
Nairametrics
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
Nairametrics
No Result
View All Result
Home Markets Fixed Income Securities

Nigeria will not issue Eurobonds, says Vice President Yemi Osinbajo

Olumide Adesina by Olumide Adesina
October 11, 2020
in Securities
Solar, FG to slash import duties on tractors, buses, others in 2020 Finance Bill, Nigeria will not issue Eurobonds, says Vice President Yemi Osinbajo, FG guarantees mortgage loan to low income buyers at low interest rate, FG inaugurates gold refinery project in a landmark event

Nigeria’s Vice President, Professor Yemi Osinbajo

Share on FacebookShare on TwitterShare on Linkedin

Vice President Yemi Osinbajo disclosed recently that Nigeria will not be issuing Eurobonds due to their costs, and was considering further options in capital to boost Africa’s largest economy in the face of a looming recession.

The Vice President said this in a report credited to Reuters News.

“We are not likely going to explore again the Eurobond market because we are trying to avoid commercial borrowing,” Osinbajo said.

RelatedStories

Nigeria secures World Bank’s approval for $2.25 billion loan to boost reforms 

World Bank: Conflict, instability driving extreme poverty in Nigeria and 38 other economies 

June 27, 2025
Lagos emerges the world’s fastest-growing tech city in 2025 

Most expensive African countries to rent a home in 2025 

June 24, 2025

Explore Data on the Nairametrics Research Website

Africa’s largest economy has been on the squeeze, with the worst pandemic known to man, disrupting Nigeria’s major export earning, crude oil, and the poor participation of foreign portfolio investors which crunched Nigeria’s earning at unprecedented levels.

However, Michael Nwakalor, a Macroeconomist at CardinalStone Research, in a note seen by Nairametrics gave key vital insights on why Nigeria’s fiscal players might consider such a move in view of taking the FGN 2021 budget into play.

READ: Nigeria makes sudden U-turn, suspends external borrowing from international debt market 

“In our view, given its ever-widening budget deficit and concurrent FX needs, Nigeria may be tempted to revisit the Eurobond market next year after having shelved plans to raise $3 billion in 2020 following the COVID-19 outbreak. However, a return to the international debt market may, ultimately, depend on external financing conditions. Even though weaker oil prices and domestic FX liquidity issues are concerning, the Fed’s long-term dovish posture and relative stability in the Eurobond market suggest that a few providers of long-term capital may still be up for some risks. That said, investors are likely to demand a premium to pre-pandemic levels of c.7.5%, on duration, for a potential Eurobond issuance,” it stated.

READ: $945 million worth of BTCs options expiring this week

If recent body language, statements by Nigeria’s fiscal policymakers are taken into full consideration, it’s likely Nigeria might consider multinational lenders like World Bank rather than going to the overseas debt market, as the nation seeks cheaper options in building its commodity-dependent economy.


Follow us for Breaking News and Market Intelligence.
Tags: CardinalStoneCovid-19EurobondsMacroeconomistMichael NwakalorNigeriaWorld BankYemi Osinbajo
Olumide Adesina

Olumide Adesina

Olumide Adesina is a financial market writer, analyst and investment trader. Message Olumide on Twitter @Olumidecapital

Related Posts

Nigeria secures World Bank’s approval for $2.25 billion loan to boost reforms 
Economy

World Bank: Conflict, instability driving extreme poverty in Nigeria and 38 other economies 

June 27, 2025
Lagos emerges the world’s fastest-growing tech city in 2025 
Hospitality & Travel

Most expensive African countries to rent a home in 2025 

June 24, 2025
Independence day – Women, wealth, and the call for financial freedom 
Sectors

Nigeria slips to 66th position in 2025 Global Startup Ecosystem Index  

May 31, 2025
Unilever
Equities

CardinalStone sets 2025 target price for Unilever, revises income forecast up by 18% 

May 29, 2025
President Bola Tinubu,
Economy

FG clarifies proposed $21.5 billion debt, taps World Bank, ADB, China, France, EU for new loan

May 27, 2025
World Bank: Food insecurity in Africa soars by 60% despite production gains 
Agriculture

World Bank: Food insecurity in Africa soars by 60% despite production gains 

May 27, 2025
Next Post
Nigerian Exchange Group records growth

Access Bank, First Bank up, investors gain N747 billion W/W

Comments 1

  1. Blessing says:
    October 11, 2020 at 2:28 pm

    Talking about economics and hoe the social societies country are affected by the commodity they are investing in. Buy or saling. The banks e. G like the big corn. Now. The oil triecing and all others bussine entities are at hold at this moment. Let say only business on line is still fontioning Well. computer on lines bussines. Covid19. All the lock down. The business en economic needs to go on before the system collapse. We say. Yet good health maters. To manage an economy.

    Reply

Leave a Reply Cancel reply

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

Emple
nlng

first bank
Zenth Bank








DUNS

Recent News

  • University Staff Union slams FG over delayed salaries, demands harmonised payment structure 
  • CWG and CAVERTON lead gainers as All-Share Index dips slightly; OANDO prints N19.8 billion trading value 
  • NRC partners five tertiary institutions to boost railway tech skills, reduce foreign training 

Follow us on social media:

Recent News

University Staff Union slams FG over delayed salaries, demands harmonised payment structure 

University Staff Union slams FG over delayed salaries, demands harmonised payment structure 

June 30, 2025
Weekly Stock Update: Nigerian Exchange Group record growth w-o-w, up by 0.48%

CWG and CAVERTON lead gainers as All-Share Index dips slightly; OANDO prints N19.8 billion trading value 

June 30, 2025
  • iOS App
  • Android App
  • Contact Us
  • Home
  • Markets
  • Sectors
  • Economy
  • Business News
  • Financial Literacy
  • Disclaimer
  • Ads Disclaimer
  • Copyright Infringement

© 2025 Nairametrics

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Social Media Auto Publish Powered By : XYZScripts.com
No Result
View All Result
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Login
  • Sign Up

© 2025 Nairametrics