National Assembly approves $500m Eurobond for Nigeria

Despite the row brewing between the Nigerian federal executive and its National Assembly, the lawmakers have given approval to the $500 million Eurobond sale for the country.

The Finance Minister, Mrs Kemi Adeosun, who confirmed this to newsmen on Wednesday, said her office had been informed accordingly on this.

Read also: Debt burden of states hits over N3.3tn

Nigeria’s success over its February 2017 sale of $1 billion Eurobond gave birth to a fresh request for another attempt, pegged at half the former one.

Adeosun told reporters in Abuja that details of the sale of the new application would be made known soon.

 

 

 

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