Nigeria Bonds Rise After Tinubu Subsidy Removal

By Mod2   3 months ago   50
Business - Top Stories


Nigeria's sovereign dollar-denominated bonds rose on Tuesday after new President Bola Tinubu said at his swearing in on Monday that a costly fuel subsidy would be removed and the central bank should work towards a unified exchange rate.

Eurobonds were up as much as 1.5 cents in the dollar, with the 2029 maturity rising to 85.88 cents at 0722 GMT . Its yield of 11.78% was the lowest since the end of February. (Reporting by Rachel Savage, Editing by Karin Strohecker)


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Victor Emmanuel
3 months ago

Hahaha Mr president hmm

(Quote) (Likes)