The Business NG - November 10, 2025

In this issue

Editorial Focus: Nigeria’s Eurobond Triumph and the Test Ahead

Nigeria’s remarkable return to the international capital market—with its US$2.35 billion Eurobond oversubscribed by 453%—signals renewed investor confidence in Africa’s largest economy. The $13 billion demand, achieved despite global tensions and political headwinds, reflects faith in Nigeria’s fiscal reforms, debt discipline, and attractive yields.

Yet, beyond the euphoria, the real challenge lies in prudent management of the proceeds. This is not a moment for celebration alone but for reflection and strategic action. The government must ensure that every borrowed dollar translates into tangible infrastructure, productive investments, and inclusive growth rather than recurring expenditure.

Investor confidence, while encouraging, is fragile. Sustaining it will require transparency, consistency in policy direction, and decisive responses to geopolitical and domestic security concerns.

Nigeria’s Eurobond success is a vote of confidence—but one that must be earned continually through sound economic governance.