FG launches $500m domestic bond

The Federal Government in its continuous effort towards economic transformation recently launched $500 million domestic bond.

Unveiling the bond in Lagos on Monday, the Minister of Finance and Coordinating Minister of the Economy, Wale Edun, stated thus:

“This historic initiative is aimed at raising a minimum of $500 million from both local and international investors, marking a significant step in Nigeria’s ongoing economic reform and development efforts”

“The bond issuance, which is set to leverage the Nigerian financial system, including the Securities and Exchange Commission, the banking system, and investment bankers, represents a critical effort to attract foreign currency held by Nigerians abroad, as well as other international investors who believe in the macroeconomic reform initiatives spearheaded by President Bola Ahmed Tinubu”.

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