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Nigeria’s Eurobond market is facing renewed pressure as escalating geopolitical tensions in the Middle East trigger a global shift away from riskier assets. The latest sell-off highlights how quickly external shocks can reverse improving investor sentiment in emerging markets, even when domestic fundamentals remain relatively stable. Average yields on Nigeria’s Eurobonds rose to 7.17 percent […]
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NIGERIA held a $2.35 billion Eurobond sale on Wednesday to raise funds to meet several needs. But it was oversubscribed and attracted a record $13 billion orders mostly from international investors who wanted to participate in the market. This means that the nation wanted $2.35 billion from investors but received buy orders to the tune […]