The instruments on offer are a N300 billion, 22.60 per cent January 2035 bond and a N300 billion, 16.2499 per cent April 2037 bond. The bonds are offered at N1,000 per unit.
Nigeria made history in 2017 as the first African country to issue a sovereign green bond, positioning itself within the fast-growing global sustainable finance market.
This is where many Nigerians have legitimate questions, particularly regarding the three banks that did not meet the deadline: Union Bank, Keystone Bank, and Polaris Bank.
A small number of banks are still undergoing regulatory and judicial processes.
The deadline brings to a close a two-year recapitalisation process that has reshaped the banking industry.
Three in ten adults reported earning below N100,000 per month.
The CBN said the recapitalisation programme is “progressing steadily.”
Countries such as Egypt, Kenya, Rwanda, Namibia, and Tanzania have increased or planned gold purchases to diversify from reliance on foreign currencies.
All the 11 members of the committee attended the meeting.
Mr Cardoso said cross-border payments have become central to the global financial system.
