The recently issued 500 million dollars Federal Government, FGN, bond has recorded a subscription of 900 million dollars, indicating an oversubscription to the tune of 400 million dollars.
This is according to a statement by Mohammed Manga, Director, Information and Public Relations, Federal Ministry of Finance and Economic Planning.
Mr Manga said that in a groundbreaking achievement, Nigeria had successfully launched its first domestic dollar-denominated bond, shattering records and signalling a new era of financial innovation and economic growth.
“With over 900 million dollars raised, this milestone marks a significant turning point in the country’s financial strategy.
“It bolsters its economic resilience and cements its position as a leader in Africa’s financial markets.
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