Nigeria’s Eurobond market return likely on expected US rate cuts

Nigeria may soon return to the Eurobond market on the expectation of a United States’ rate cut in September that could further drive down borrowing costs.

This favourable global financial environment, combined with ongoing domestic economic reforms, makes it an opportune moment for Nigeria to secure funding to support its fiscal budget, analysts say.

The market remains confident that the Federal Reserve will deliver its first interest rate cut of the year at next month’s Federal Open Market Committee (FOMC) meeting, with traders’ consensu

Nigeria may soon return to the Eurobond market on the expectation of a United States’ rate cut in September that could further drive down borrowing costs.

This favourable global financial environment, combined with ongoing domestic economic reforms, makes it an opportune moment for Nigeria to secure funding to support its fiscal budget, analysts say.

The market remains confident that the Federal Reserve will deliver its first interest rate cut of the year at next month’s Federal Open Market Committee (FOMC) meeting, with traders’ consensu

Source: Businessday.ng | Read Full Story…