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.
On Wednesday, trading on the Investors and Exporters forex window recorded a high of N1,514.00 and a low of N1,504.00.
Nigeria has successfully priced $2.2 billion in Eurobonds maturing in 2031 and 2034 in the international capital markets.
At the Investor’s and Exporter’s (I&E) window, the naira traded between N1,698 and N1,631 against the dollar.
At the Investors and Exporters (I&E) window, the naira traded between N1,690 and N1,601 against the dollar.
According to the DMO, the first offer is an April 2029 FGN bond valued at N100 billion at an interest rate of 19.30 per cent per annum (five-year re-opening).
Meanwhile, at the Investor’s and Exporters’ (I&E) window, the naira traded between N1,296 and N1,210 against the dollar.
At the Investor’s and Exporters’ window, the naira traded between N1, 468 and N1, 301 against the dollar.
Importers of all the 43 items previously restricted in 2015 can now purchase foreign exchange in the Nigerian FX market.
“The Eurobond, which was issued in September 2021, was oversubscribed to the tune of $12.2 billion and was described as one of Africa’s most successful…”
