| Nigeria plans to issue an international bond valued “anywhere from $500 million to $1 billion” by 2013 to develop the capacity of its oil and gas sector, the Co-ordinating Minister for the economy said. Dr Ngozi Okonjo-Iweala who is also the Finance Minister said Nigeria’s improved credit ratings by global rating agencies Fitch and Standard & Poors in 2011, increases international confidence in the country.
Also, global financial service provider JP Morgan said on August 15 it is considering listing Nigeria on its Government Bond Index – Emerging Markets (GBI-EM); a move that would increase Nigeria’s visibility and credibility on the international market with a possible increase in international funding...............................................Full Article: Source |