‘Nigerian firms issue $30.4bn bonds in foreign markets’

The Debt Management Office on Thursday said that Nigerian organizations had issued nine securities worth $30.4bn (N4.86tn) in the global capital business.

The Director-General, DMO, Dr. Abraham Nwankwo, unveiled this in an announcement made accessible to our journalist in Abuja.

He expressed that the organizations exploited the achievement recorded in the issuance of Nigerian Sovereign Eurobonds to raise the stores.

The announcement cited the DG as saying that without precedent for the country's history, the private area had been empowered to get to long haul reserves from both the local and worldwide capital markets.

Nwankwo said, "Without precedent for Nigeria's monetary history, the private segment has been empowered to get to long haul stores from both the local and universal capital markets

"The effective issuances of three Nigerian Sovereign Eurobonds in the universal capital business sector – one in 2011 and two in 2013 – have opened the window for Nigeria's private segment to raise the obliged outside cash stores.

"They are presently equipped to store long haul genuine segment ventures (farming, assembling, lodging, mineral investigation and transforming, base) for broadened and supportable monetary development towards livelihood era and destitution decrease."

On the residential front, Nwankwo noted that somewhere around 2007 and 2013, around 22 indigenous organizations raised over N223bn from the stock exchange.

The DG further noted that the achievement recorded was "some piece of the Transformation Agenda of President Goodluck Jonathan, whereby positive progressions are occurring in different features of the economy