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Renewed sell-off seen in Nigeria’s long-dated Eurobond as oil slides despite OPEC+ planned cut

Investors have resumed dumping Nigeria’s long-dated dollar-bond after oil price failed to find a floor following a much-awaited record production cut announced by OPEC and its allies last week. Nigeria’s 2047 Euro-bond yield has reversed its decline into the single-digit territory rising to 10.49% Thursday, indicating sell-pressure. The bond had risen to as high as…



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