Nigeria is gearing up to launch its first-ever foreign currency-denominated bond issuance in June, with the potential to raise up to $30 billion. This move is part of the country’s strategy to attract more foreign exchange inflows to stabilize the naira, which has been under pressure due to dollar shortages.

Patience Oniha, the director-general of the Debt Management Office, confirmed the plans for the debut forex bond, emphasizing its short to medium-term nature. The issuance is expected to tap into the significant dollar assets held by individuals, institutions, and Nigerians in the diaspora, aiming to bring dollar liquidity into the system.

https://ratecaptain.com/nigeria-set-to-raise-30-billion-from-debut-forex-bond/

Eshiin baba Bullion vans

Lies for their zombies

Lets see reality. CBN is not even ready for naira gain against a dollar if not by now it should be selling a dollar for 500 naira

Government bond is easy to raise