Nigeria has raised more than $4.5 billion from international investors in the last two years, attracting record demand despite concerns over debt levels, foreign exchange volatility, and sweeping economic reforms. In December 2024, the country returned to the Eurobond market for the first time since 2022, raising $2.2 billion from investors whose orders exceeded $9 billion. Less than a year later, Nigeria returned, securing another $2.35 billion after attracting more than $13 billion in subscriptions, the largest order book in the country’s
Nigeria has raised more than $4.5 billion from international investors in the last two years, attracting record demand despite concerns over debt levels, foreign exchange volatility, and sweeping economic reforms. In December 2024, the country returned to the Eurobond market for the first time since 2022, raising $2.2 billion from investors whose orders exceeded $9 billion. Less than a year later, Nigeria returned, securing another $2.35 billion after attracting more than $13 billion in subscriptions, the largest order book in the country’s