By the AFREEQUE newsroom, based on Africa Intelligence
Nigeria is preparing to issue around $5.5 billion in eurobonds in 2027, according to Africa Intelligence. The operation aims to finance the federal budget and cover the country’s refinancing needs on international markets.
Kano Governor Abba Kabir Yusuf proposes a 2027 budget of 1,107,024,004,244.48 naira, including 693.47 billion for capital expenditure. The plan aims in particular to complete ongoing projects and accelerate rural development, according to Abba Kabir Yusuf.
🇳🇬 Nigeria · Source: ThisDay ·
Nigerian President Bola Tinubu is asking the House of Representatives to authorise 10.79 trillion naira in new external borrowing. The amount, equivalent to $7.71 billion at the budget rate of 1,400 naira per dollar, completes a 29.22 trillion-naira programme to finance the federal deficit, according to Punch.
🇳🇬 Nigeria · Source: Punch ·
Nigeria would need about $100 billion in annual investment to address an infrastructure deficit estimated at $2.3 trillion, according to Kunle Adebajo, president of the Association of Consulting Engineers of Nigeria. At the association’s annual conference in Lagos, he also presented artificial intelligence as a tool to accelerate projects and reduce errors.
🇳🇬 Nigeria · Source: ThisDay ·
The IPO of Nigerian Dangote refinery attracted subscription requests worth about 5.85 trillion naira ($4.1 billion), nearly three times the initial target, with almost four million unique applications. Investors from all 54 African countries participated, according to Bloomberg.
🇳🇬 Nigeria · Source: Punch ·
Nigeria asks India to protect Nigerian detaineesNigeria is asking India to guarantee the welfare and fundamental rights of its nationals detained in Indian prisons. Foreign Minister Bianca Odumegwu-Ojukwu made the request during a meeting with the national human rights commissions of the two countries, according to Nigeria’s foreign ministry.
Ghana calls for China-Africa green projects to attract financingGhanaian minister Seidu Issifu calls for China-Africa green commitments to be turned into bankable projects capable of attracting investment. He was speaking at COP31 in Antalya, Turkey, about the Beijing Action Plan 2025-2027, which provides for 30 clean energy and green development projects in Africa.The week in Africa
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