What do you believe is the single most important factor driving up the cost of living in Nigeria?

At a hybrid roadshow in Lagos on Thursday, which was attended by the Minister of Finance and Coordinating Minister of Economy, Wale Edun, Director General of the Debt Management Office, Ms Patience Oniha, and other parties to the issue, the first series of $500m was announced.

According to a presentation done by the Managing Director of Investment Banking at United Capital, Dr Gbadebo Adenrele, the bond offering is targeted at pension funds, banks, as well as Nigerians living in the country, foreigners living in the country, and Nigerians living in the diaspora.

United Capital is the lead issuing house for the offering.

A mail from United Capital to market players indicated that the bond is targeting funds from “domiciliary accounts, diaspora remittances and foreign investments.”

It explained that dollar cash deposits would not qualify unless they were made into domestic accounts at least 30 days before the issue.

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