Nigeria to Raise $1.7 Billion in Eurobonds to Fund 2024 Budget Deficit

The Federal Government has announced plans to issue a $1.7 billion Eurobond as part of efforts to bridge the N9.1 trillion ($5.2 billion) deficit in the 2024 budget, estimated at N28.7 trillion (approximately $17 billion). The issuance plan comes shortly after President Bola Tinubu reportedly requested a $5 billion trade finance loan from Saudi Arabia’s [...]The post Nigeria to Raise $1.7 Billion in Eurobonds to Fund 2024 Budget Deficit appeared first on Tekedia.

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