Wale Edun, minister of finance and coordinating minister of the economy, says the $500 million domestic bond was oversubscribed despite warnings from the IMF not to issue the bond.
Wale Edun, minister of finance and coordinating minister of the economy, says the $500 million domestic bond was oversubscribed despite warnings from the International Monetary Fund not to issue the bondAccording to Edun, the successful capital raise shows the continued confidence of investors in Nigeria’s economic stability and growth prospects.
on Wednesday, the minister said the domestic dollar-denominated bond was over 100 percent subscribed. “The IMF said to us that we shouldn’t do domestic issues of dollar bonds. We did it and we were 100% oversubscribed, but we still value their viewpoint and took it into account,” he said.However, the minister said all advice, information and data that “these institutions are able to provide is of value, but we don’t always have to take their advice”.
GE Vernova provides GridOS orchestration software to help West African Power Pool facilitate energy exchange among its member states
Nigeria Latest News, Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Nigeria needs to increase oil production to boost FX supply, says Wale EdunWale Edun, the minister of finance and coordinating minister of the economy, says Nigeria needs to raise oil production to address foreign exchange (FX) supply issues.
Read more »
Petrol subsidy cost Nigeria 5% of its GDP, says Wale EdunWale Edun, minister of finance and coordinating minister of the economy, said the petrol subsidy cost the country about 5 percent of its gross domestic product (GDP).
Read more »
Wale Edun: Incentives in oil and gas sector attracted $3bn investmentsWale Edun, minister of finance and coordinating minister of the economy, says the recent incentives in the oil and gas sector have attracted $3 billion in investments.
Read more »
Wale Edun: FG will financially support 20m Nigerians from increased revenueWale Edun says revenue generated by the government will be used to fund social intervention programmes that will benefit 20 million Nigerians.
Read more »
NNPC to soon clear $6bn petrol supply debt, says Wale EdunWale Edun, the minister of finance and coordinating minister of the economy, says the Nigerian National Petroleum Company (NNPC) has commenced the process of paying the $6 billion debt owed to suppliers.
Read more »
Nigeria will soon stop food imports – Finance Minister, EdunMinister of Finance, Wale Edun, has said that the Federal Government has outlined a strategy to increase domestic agricultural production and increase food security. Edun, disclosed this at a press conference in Abuja on Thursday to mark the country’s 64th Independence Day.
Read more »