ABUJA (CU)_In December last year, the head of Nigeria’s Debt Management Office (DMO) Patience Oniha said the country had no plans to approach the Eurobond market in 2022, as the government is looking to raise funds from other sources. Following its last Eurobond sale in September, its seventh outing in which $4 billion was raised, Abuja was considering more issues which were later shelved by fears around the Omicron variant of COVID-19. However, now the government has taken a U turn, and has decided to go ahead with an eighth outing in the face of limited oil revenue.
The latest Eurobond, priced at…Read More
