Close Menu

    Subscribe to Updates

    Get the latest creative news from FooBar about art, design and business.

    What's Hot

    I Got Tinubu’s Permission To Be Absent At Council of State Meeting – Wike

    October 15, 2025

    Mbah’s Defection To PDP Came As A Rude Shock To Me – Bode George

    October 15, 2025

    Tinubu Seeks Confirmation Of Amupitan As INEC Chairman

    October 14, 2025
    Facebook X (Twitter) Instagram
    Trending
    • I Got Tinubu’s Permission To Be Absent At Council of State Meeting – Wike
    • Mbah’s Defection To PDP Came As A Rude Shock To Me – Bode George
    • Tinubu Seeks Confirmation Of Amupitan As INEC Chairman
    • Okpebholo Swears In Afegbua, 20 Others As Commissioners
    • ASUU: NLC Issues Two-Week Ultimatum To FG
    • Lagos Re-arraigns Evans For Murder Of Policemen
    • Wale Edun Sick, Receiving Treatment At Home – Presidency
    • FG Threatens ASUU With No Work, No Pay’ Policy
    Facebook X (Twitter) Instagram
    TheScrutinyNG
    Subscribe
    Wednesday, October 15
    • Home
    • Politics
    • Business
    • News
      • World News
    • Sports
    • Interviews
    • Opinion
    • Entertainment
    • Columnists
    • ABOUT US
    TheScrutinyNG
    Home » Finance Minister Launches $500 Million Bond To Attract Local, International Investors
    2 Mins ReadAugust 16, 2024

    Finance Minister Launches $500 Million Bond To Attract Local, International Investors

    By Samuel AkpenpuunAugust 16, 2024No Comments2 Mins Read
    Share Facebook Twitter Pinterest LinkedIn Tumblr Email
    Share
    Facebook Twitter LinkedIn Pinterest Email

    The Federal Government has launched $500 million domestic bond, about three weeks after hinting at the action.

    Unveiling the bond in Lagos on Monday, the Minister of Finance and Coordinating Minister of the Economy, Wale Edun, stated that the launch was a bold step towards economic transformation poised to attract both local and international investors.

    “This historic initiative is aimed at raising a minimum of $500 million from both local and international investors, marking a significant step in Nigeria’s ongoing economic reform and development efforts” he said.

    Edun stated further that the bond issuance, which is set to leverage the Nigerian financial system, including the Securities and Exchange Commission, the banking system, and investment bankers, represents a critical effort to attract foreign currency held by Nigerians abroad, as well as other international investors who believe in the macroeconomic reform initiatives spearheaded by President Bola Ahmed Tinubu.

    In his presentation at the event, the minister stressed that the financial market thrives on creativity and innovation and that it is essential to encourage investors to participate in this strategic opportunity.

    He also highlighted the positive outcomes already being seen from the current economic policies, noting that government revenue and expenditure have been significantly revamped, and the trade balance is improving.

    Edun reiterated the government’s efforts in revitalizing the agricultural sector, which is taking on a new and promising direction.

    The minister underscored the importance of dollar funding, particularly in stabilizing the exchange rate, which he said is vital for the country’s economic stability.

    He stressed that this new bond initiative is another crucial step in bolstering Nigeria’s economy, expressing optimism that Nigeria is poised to become a continental financial hub, where other African nations can raise capital and drive economic growth.

    Addressing the challenges faced by African nations in the international capital markets, the Minister explained that the rating systems often do not favour the continent.

    Author

    • Samuel Akpenpuun
      Samuel Akpenpuun

      View all posts
    Federal Government Wale Edun
    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
    Samuel Akpenpuun

    Related Posts

    Breaking News

    Wale Edun Sick, Receiving Treatment At Home – Presidency

    October 12, 2025
    Banking & Finance

    Nexamont Acquires 21.4% Percent Stake In Royal Exchange PLC

    September 24, 2025
    Banking & Finance

    Banks To Report Customer Transactions That Exceed N5m – NOA

    July 9, 2025
    Banking & Finance

    Verghis Takes Over As World Bank Country Director For Nigeria

    July 4, 2025
    Banking & Finance

    FirstBank Launches Advanced Facial Recognition On Mobile App

    June 30, 2025
    Breaking News

    Tinubu Signs Four Landmark Tax Reform Bills Into Law

    June 26, 2025

    Subscribe to News

    Get the latest sports news from NewsSite about world, sports and politics.

    Editor's Picks

    I Got Tinubu’s Permission To Be Absent At Council of State Meeting – Wike

    October 15, 2025

    Mbah’s Defection To PDP Came As A Rude Shock To Me – Bode George

    October 15, 2025

    Tinubu Seeks Confirmation Of Amupitan As INEC Chairman

    October 14, 2025

    Okpebholo Swears In Afegbua, 20 Others As Commissioners

    October 14, 2025
    Latest Posts
    Advertisement
    Facebook X (Twitter) Pinterest Vimeo WhatsApp TikTok Instagram

    News

    • World
    • US Politics
    • EU Politics
    • Business
    • Opinions
    • Connections
    • Science

    Company

    • Information
    • Advertising
    • Classified Ads
    • Contact Info
    • Do Not Sell Data
    • GDPR Policy
    • Media Kits

    Services

    • Subscriptions
    • Customer Support
    • Bulk Packages
    • Newsletters
    • Sponsored News
    • Work With Us

    Subscribe to Updates

    Get the latest creative news from FooBar about art, design and business.

    © 2025 The Scrutiny. Designed by Design Streams.

    • Privacy Policy
    • Terms
    • Accessibility

    Type above and press Enter to search. Press Esc to cancel.