In a significant milestone for Nigeria’s financial landscape, the nation’s first-ever domestic US dollar bond has been honored with the prestigious West Africa Deal of the Year Award at the 2025 Global Banking & Markets Africa Awards.
The bond issuance, which raised $917 million, was initially aimed at $500 million but was met with overwhelming demand of over 180% subscription.
The landmark bond, announced on August 19, 2024, by Nigeria’s Debt Management Office (DMO), has been hailed as a game-changer for the country’s financial markets. With a five-year tenor, it was listed on both the Nigerian Exchange (NGX) and the FMDQ Securities Exchange.