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Foreign investors’ holding in Nigerian bonds hit $5.4bn
26 November 2013, 12:05
Lagos - Foreign investors’ holding in the Federal Government Bonds rose to an estimated $5.4 billion as at September 2013.
This is almost five times higher than the $1.2 billion figure of the corresponding period in 2012, reports the Nation.
Foreign holdings of Nigerian Treasury bills also rose during the same period to $6.2 billion from $3.9 billion.
The rise followed the country’s inclusion in a benchmark JP Morgan local currency bond index.
Nigeria became the second African country after South Africa to be included in the index.
Read more at the Nation
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