Federal Character
  • Home
  • News
  • Politics
  • Business & Finance
  • Entertainment
  • Sports
  • Tech
  • Relationship and Life
  • Fashion & Lifestyle
  • Food & Nutrition
  • Health
  • Opinion
No Result
View All Result
  • Home
  • News
  • Politics
  • Business & Finance
  • Entertainment
  • Sports
  • Tech
  • Relationship and Life
  • Fashion & Lifestyle
  • Food & Nutrition
  • Health
  • Opinion
No Result
View All Result
Federal Character
No Result
View All Result
Home Business & Finance

Nigeria’s Inaugural Domestic Dollar Bond Attracts $900m in Subscriptions

Nnaemeka OkwarabyNnaemeka Okwara
September 11, 2024
in Business & Finance
0
Nigeria’s Inaugural Domestic Dollar Bond Attracts $900m in Subscriptions
Share on FacebookShare on TwitterShare on Whatsapp

Nigeria’s Federal Government has made an unprecedented step forward by issuing its very first domestic bond denominated in foreign currency for the sum of $900m. This landmark announcement was made by Minister Wale Edun, who is also the Coordinating Minister of the Economy and Finance, on Tuesday.

Investor confidence in Nigeria’s economic stability and growth potential is reflected in the oversubscription of this bond. Despite economic challenges, Edun underlined that it showed the government’s commitment to funding diversification and financial inclusion promotion.

The first segment of a $2bn bond programme registered with the Securities and Exchange Commission is made up of a $500m domestic FGN US Dollar Bond, having a five-year maturity period and a 9.75% coupon rate. The design permits the total absorption of oversubscriptions up to the entire $2bn programme limit.

 

President Bola Ahmed Tinubu approved that proceeds from the bond are allocated to vital sectors of the economy. A diverse set of investors, including Nigerians both at home and abroad, as well as institutional investors, were drawn to purchase this bond.

Patience Oniha, Director-General of Nigeria’s Debt Management Office, considers this success to be a turning point moment in her country’s economic progress. She went on to explain how advanced Nigeria’s domestic fixed-income market had become over time.

Tags: BondDollarfederal characterNewsNigeriaNigeria's Inaugural Domestic Dollar Bond Attracts $900m in SubscriptionsSubscription
Nnaemeka Okwara

Nnaemeka Okwara

Okwara Nnaemeka Emmanuel is a skilled wordsmith, passionate blogger, and content writer with a degree in Media Content, He has made a significant mark in the industry. He also holds certification in Marketing and advertising. He has honed a unique blend of creativity and strategic thinking.Driven by a belief in the power of creativity, He has established a niche for himself in diverse regions, leaving a trail of successful projects and satisfied clients. His ability to craft compelling narratives and engage audiences sets him apart in the competitive world of content creation.As a dedicated professional, He continues to push boundaries and set new landmarks in their field. Whether it's through captivating blog posts, persuasive copywriting, or innovative content strategies, Nnaemeka’s consistently delivers excellence, leaving a long lasting impact

Related Posts

Dangote Group Disowns Killer Truck in Ondo Crash
Business & Finance

Dangote Group Disowns Killer Truck in Ondo Crash

October 23, 2025
October Onslaught: Naira Free-Falls as Dollar, Euro, Pound Tighten the Noose
Business & Finance

October Onslaught: Naira Free-Falls as Dollar, Euro, Pound Tighten the Noose

October 23, 2025
October Onslaught: Naira Free-Falls as Dollar, Euro, Pound Tighten the Noose
Business & Finance

October Onslaught: Naira Free-Falls as Dollar, Euro, Pound Tighten the Noose

October 22, 2025
Next Post
EFCC Investigates ByBit, KuCoin for Crypto Market Manipulation

EFCC Investigates ByBit, KuCoin for Crypto Market Manipulation

BBNaija: Shaun Clears the Air After Misunderstanding with Wanni

BBNaija: Shaun Clears the Air After Misunderstanding with Wanni

Nigeria’s Inaugural Domestic Dollar Bond Attracts $900m in Subscriptions

Dollar, Euro and Pounds To Naira Exchange Rate For Today, September 11 2024

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recommended

October Onslaught: Naira Free-Falls as Dollar, Euro, Pound Tighten the Noose

October Onslaught: Naira Free-Falls as Dollar, Euro, Pound Tighten the Noose

2 weeks ago
India Moon Rover Enters ‘Sleep’ Mode After Completing Mission

India Moon Rover Enters ‘Sleep’ Mode After Completing Mission

2 years ago
Putin’s Paradox: Calling for Peace in Niger While Backing Wagner’s Influence in Mali

Putin’s Paradox: Calling for Peace in Niger While Backing Wagner’s Influence in Mali

2 years ago
Premier League Drama Unfolds as Title Race and Top-Four Battle Intensify

Chelsea brush aside Southampton in comfortable 4-0 victory at Stamford Bridge

8 months ago

Categories

  • Beauty
  • Business & Finance
  • Entertainment
  • Fashion & Lifestyle
  • Food & Nutrition
  • Government
  • Health
  • News
  • Politics
  • Relationship and Life
  • Sports
  • Tech

Topics

2023 Aboki/Bureau De Change (BDC) apc Arsenal buhari Business cbn chelsea china court Davido Dollar Efcc Election Entertainment Euro and Pounds To Naira Exchange Rate For Today exchange rates for the Nigerian Naira (NGN) Fashion federal character federal government Finance food Football Foreign News government health inec Israel lagos Manchester United Naira Naira Black Market exchange rates News Nigeria pdp police Politics president protest Russia Sports tinubu trump ukraine US
No Result
View All Result

Highlights

Baltimore City Police Who Stole $215k Retains Pension

APC’s New Apostle: Amupitan Says God Sent Him to Fix Elections

Dangote Group Disowns Killer Truck in Ondo Crash

Messi has commit to Miami signing a new contract extension till 2028

Why Making Music in Nigeria is Expensive — Bella Shmurda Speaks

Nnamdi Kanu Fires Legal Team in Open Court, Vows to Defend Himself

Trending

Why Hawaii Is Not Part Of NATO
Government

Why Hawaii Is Not Part Of NATO

byEriki Joan Ugunushe
October 23, 2025
0

It sounds strange that Hawaii, a proud US state and home to one of the world’s most...

The Sound of Resistance: Plastic Whistles Become an Unlikely Anti-ICE Tool in Chicago

The Sound of Resistance: Plastic Whistles Become an Unlikely Anti-ICE Tool in Chicago

October 23, 2025
Release Sowore or Face Mass Protests, Tinubu Government IS Warned

Release Sowore or Face Mass Protests, Tinubu Government IS Warned

October 23, 2025
Baltimore City Police Who Stole $215k Retains Pension

Baltimore City Police Who Stole $215k Retains Pension

October 23, 2025
APC’s New Apostle: Amupitan Says God Sent Him to Fix Elections

APC’s New Apostle: Amupitan Says God Sent Him to Fix Elections

October 23, 2025

We launched Federal Character in February 2021 based on the belief that the world is in need of smarter and more efficient reporting of events shaping our rapidly changing world. We pledged to put our audience first, always.

Recent News

  • Why Hawaii Is Not Part Of NATO
  • The Sound of Resistance: Plastic Whistles Become an Unlikely Anti-ICE Tool in Chicago
  • Release Sowore or Face Mass Protests, Tinubu Government IS Warned

Categories

  • Beauty
  • Business & Finance
  • Entertainment
  • Fashion & Lifestyle
  • Food & Nutrition
  • Government
  • Health
  • News
  • Politics
  • Relationship and Life
  • Sports
  • Tech

© 2024 FederalCharacter.com

No Result
View All Result
  • Home
  • News
  • Politics
  • Business & Finance
  • Entertainment
  • Sports
  • Tech
  • Relationship and Life
  • Fashion & Lifestyle
  • Food & Nutrition
  • Health
  • Opinion

© 2024 Federalcharacter.com