This week, Nigeria repaid a $500 million Eurobond that expired on Wednesday, July 12, 2023, and is sending a positive signal to investors. The announcement was made by the Nigerian Debt Management Office (DMO), which issued a statement to this effect

In the midst of economic reforms and despite the depreciation of the naira, Nigeria has just repaid a $500 million eurobond, raised in 2013. This debt constitutes the second part of a $1 billion Eurobond issued on international markets in 2013 for a 10-year maturity. The first part, of an equivalent amount, was repaid in 2018, in accordance with the commitments made by the Nigerian State

The repayment of this debt comes in a context where the creditworthiness of African states worries international investors and the Bretton Woods institutions.