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DOMESTIC DOLLAR BOND
The Federal Government spent N611.71 billion in March 2025 servicing its first-ever US dollar-denominated bond issued within the domestic market, making it the single largest domestic debt service item for the month and highlighting the rising cost of FX-linked obligations in Nigeria’s debt profile.
Nigeria’s first domestic dollar-denominated bond has added N1.47 trillion to the country’s total domestic debt.
Nigeria’s foreign exchange (FX) reserves rose by $621.2 million in 10 days following the successful sale of a domestic dollar bond.
Nigeria’s $500 million domestic dollar bond offering ends today, with settlement set for September 6
Nigeria’s $500 million domestic dollar bond offering is set to close its subscription period today, Friday, with the settlement date scheduled for September 6, 2024.
The Federal Government of Nigeria has disclosed the need for specific identification requirements for its latest financial instrument, the Domestic FGN US Dollar Bond.
The Federal Government of Nigeria (FGN) has officially issued a $500 million domestic dollar bond, opening for subscription on August 19, 2024.
The Federal Government of Nigeria plans to issue its dollar-denominated domestic bond next week Monday, as it hopes to raise $500 million from local and foreign investors.