Nigeria will hold a non-deal roadshow
in London next week, government sources said on Wednesday, as the
country explores fund raising options to finance a record budget deficit
widened by the fall in vital oil revenues.
The Minister of Finance, Kemi Adeosun with officials from the central bank and debt office will meet investors next Tuesday to update the market on government policies.
Standard Chartered Bank is organising the meeting, the source told Reuters.
Nigeria plans to borrow as much as $10 billion from debt markets, with about half of that coming from foreign sources, to help fund a budget deficit worsened by the slump in oil prices that has slashed revenues and weakened the naira.
thenationonlineng.net
The Minister of Finance, Kemi Adeosun with officials from the central bank and debt office will meet investors next Tuesday to update the market on government policies.
Standard Chartered Bank is organising the meeting, the source told Reuters.
Nigeria plans to borrow as much as $10 billion from debt markets, with about half of that coming from foreign sources, to help fund a budget deficit worsened by the slump in oil prices that has slashed revenues and weakened the naira.
thenationonlineng.net
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