Foreign investors have increased purchases of Nigeria’s dollar-denominated sovereign bonds, pushing down yields and signalling improved demand for the country’s external debt in international markets.
President Bola Tinubu has replaced an earlier $20.52 billion external borrowing proposal with a $7.7 billion request, favouring Eurobonds as Nigeria seeks quicker access to international financing for its 2026 budget.
Nigeria allotted approximately ₦1.60 trillion in government bonds at its September auction, securing additional long-term financing as investors accepted a lower yield on debt maturing in June 2038.
Nigeria allotted approximately ₦1.60 trillion in government bonds at its September auction, with more than half allocated outside competitive bidding.
The Federal Government is targeting ₦1 trillion from investors through its September 2026 FGN bond auction, with the Debt Management Office (DMO) setting a minimum subscription of ₦50.001 million.
The Debt Management Office has opened subscriptions for its August 2026 savings bond, offering annual returns of up to 14.963 percent.
Nigerians can invest from N5,000, with subscriptions closing on August 7 and settlement scheduled for August 12.
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An Akwa Ibom State High Court sitting in Uyo has dismissed a petition seeking the dissolution of a marriage that has lasted over 43 years, ruling that lack of love and mutual respect between spouses does not, on its own, constitute sufficient legal grounds for divorce.
