Eurobond

The Nigerian Senate have given approval for a US$2.786 billion eurobond issue. The Nigerian Senate have approved a US$2.786 billion Eurobond issue. While approving the eurobond, the senate also urged the country to focus on increasing revenue and limit its foreign borrowing. This it says is to avoid a cleverly managed re-conquest of our country through a debt overhang as the government in 2016 embarked on a three-year plan to borrow more money from foreign…