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Find all the economic and financial information on our Orishas Direct application to download on Play StoreNigeria has mobilized a sum of 2.2 billion dollars on the international financial market. The country had remained away from the international financial market since 2022, due to the sharp rise in global interest rates since then
.The cost of borrowing is high, with almost 10% interest rates, which is a sign that the Nigerian economy is attracting interest, but that it still seems riskier than that of other countries in the UEMOA . This bond issue was therefore important to replenish the state's coffers and its foreign currency reserves, but also to test the attractiveness of Africa's most populous economy.
The Nigerian Finance Minister welcomed “the growing confidence in efforts to stabilize the Nigerian economy.”
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