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With Yields Dropping, Nigerian Bond Sales Soar To Blockbuster Year

Nigerian companies are poised to raise a record amount of local short-term debt, joining one of the biggest global junk-bond rallies in two months as businesses take advantage of a drop in borrowing costs. According to a report by Bloomberg, Companies including Dangote Cement Plc, Union Bank of Nigeria Plc and MTN Group Ltd. have…

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