Nigeria’s domestic dollar bond gulps N611.7bn in one month

Sunnewsonline | 02-07-2025 04:25am |

From Adanna Nnamani, Abuja The federal government spent a whopping N611.71 billion in March 2025 to service its first-ever dollar-denominated bond issued within the local market, reflecting the growing strain of foreign exchange-linked debt on the economy. The bond, introduced in August 2024, was part of a $2 billion domestic programme designed to attract dollar [...]The post Nigeria’s domestic dollar bond gulps N611.7bn in one month appeared first on The Sun Nigeria.

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