Nigeria’s Domestic Dollar Bonds Outshine Eurobonds.
Jamiu Agah, a Lagos-based IT consultant, can now invest in Nigeria’s domestic dollar bond with just $10,000, rather than waiting 10 years to save the $200,000 minimum required for Eurobonds. The Federal Government’s domestic dollar bond offers a 9.75% return, surpassing the 9.58% yield of Nigeria’s 2029 Eurobond. The bond has attracted strong interest from Nigerians at home and abroad, providing a lucrative investment with payouts in dollars. This bond is seen as a hedge against the naira’s volatility and offers better returns compared to foreign bonds.
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