Nigeria's leading finance and market intelligence news report.

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…

Subscribe to BusinessDay to read full article – N1000 for 2 Months

Whatsapp mobile

Get real time updates directly on you device, subscribe now.

Comments are closed.