Nigeria’s latest Eurobond issuance has sparked massive investor interest, attracting more than $13 billion in bids, over four times the government’s original target. 

The record oversubscription highlights renewed global confidence in Nigeria’s economic reform efforts and its debt-management discipline.

The Federal Ministry of Finance confirmed that the $2.25 billion dual-tranche offering, split between 10- and 20-year notes, aims to fund part of the 2025 national budget and refinance existing obligations. 

Analysts say the response underscores how global investors are betting on Nigeria’s medium-term growth story despite domestic inflation pressures.

The bond sale, coordinated by international banks including JPMorgan and Citigroup, saw participation from major institutional funds across Europe, Asia, and North America. With yields priced attractively relative to peers, Nigeria’s Eurobond offers a blend of stability and high returns.

Economists believe the proceeds will help ease dollar liquidity challenges and support infrastructure projects,though they warn the government must manage rising external debt cautiously. “Investor confidence is back, but fiscal discipline must match it,” one economist noted.