FG reveals sources to borrow to fund Nigeria's deficit budget

  • Nigeria plans to issue bonds denominated in dollars in order to raise up to $2 billion from local investors
  • The domestic dollar bond has a $2 billion program size, United Capital Plc said in an email
  • The series one bond commences on Monday and is expected to be effective for five years

Legit.ng journalist Zainab Iwayemi has over 3-year-experience covering the Economy, Technology, and Capital Market.

Nigeria intends to raise up to $2 billion from local investors by issuing dollars-denominated bonds, as reported by principal arranger United Capital Plc.