Tag: Eurobonds
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Nigeria’s FX reserves to fall in 2022
The World Bank has said that Nigeria’s forex exchange reserve will fall in 2022 as the Central Bank of Nigeria plans to clear about $1.7bn in FX backlog to foreigners and FX forward contracts. The global bank stated that the nation’s reserves rose to $41.3bn at the end of 2021, which offered it an opportunity…
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Debt Profile: Nigeria’s Eurobonds Debts Upset By $9.37 billion
Although, there are pending huge debts to service, the commercial loans obtained by Nigeria through Eurobonds stood at $9.37 billion, counting from December 31, 2015 to December 31, 2020. In December 31, 2015, Eurobonds loans rose to $1.50 billion and in December 31, 2020, it rose to $10.87 billion indicating 625 percent increase in…