Nigeria has no plans to issue Eurobonds in 2023 -finance minister

  • 📰 ReutersAfrica
  • ⏱ Reading Time:
  • 11 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 8%
  • Publisher: 53%

Ireland News News

Ireland Ireland Latest News,Ireland Ireland Headlines

Nigeria has no plans to issue Eurobonds in 2023 unless market conditions improve as bond prices are too high for African countries, Finance Minister Zainab Ahmed said on Wednesday.

Nigeria, Africa's biggest economy, has been raising debt to fund infrastructure and boost a fragile economy battling high inflation. It sold a $1.25 billion Eurobonds this year, marking its eighth outing on international debt markets.

"Our external borrowing sources are very much open at multilateral institutions ... and our focus is on those loans unless we have no option because loan processes are very long," she said.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

I don't think she understands what she is saying..🤔

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 31. in İE

Ireland Ireland Latest News, Ireland Ireland Headlines