Contact us (+ 7 (921) 446-25-10)
×
Texting is available for authorized users.
Please register or log in at the website.
×
Your request for online training is sent. Cbonds managers will be in touch with you shortly. Thank you!

Nigeria: bonds

Nigeria has the second largest economy in sub-Saharan Africa. Overall, despite the negative effects of the global financial crisis in recent periods, Nigeria’s economy has continued to experience significant GDP growth.
Real GDP grew 7.53 per cent. in the first half of 2010, 6.96 per cent. in 2009, 5.98 per cent. in 2008 and 6.45 per cent. in 2007. This growth was largely attributable to the continued growth in non-oil GDP, which grew 8.32 per cent. in 2009, 8.95 per cent. in 2008 and 9.52 per cent. in 2007. Overall GDP growth for 2010 is estimated at 7.85 per cent. The Government plans to reinforce economic growth in future periods by encouraging non-oil private sector growth, which it plans to facilitate through the implementation of its Vision 20:2020 plan.
Public debt management is considered to be strategic in Nigeria, and became widely accepted as such when Nigeria’s debt became unsustainable and a constraint on economic growth in the 1990s and early 2000s. In recognition of this, the Government established the DMO to serve as a central body for managing public debt. According to the DMO, as at 31 December 2010, Nigeria’s external debt was US$4.8 billion (provisional), of which US$2.8 billon (provisional) was owed by the Federal Government and US$1.9 billion (provisional) was owed by State Governments and guaranteed by the Federal Government. Further, the Government had N4.5 trillion (provisional), approximately US$29.8 billion, in domestic debt outstanding as at 31 December 2010. Additionally, in December 2010, the Federal Government entered into a US$899.5 million credit facility agreement with the Export-Import Bank of China to fund certain infrastructure projects. Drawdowns under the facility are tied to project completion milestones and as at 31 December 2010 no amounts had been drawn.

Outstanding bond issues

Moneda Outstanding bond issues Cumulative volume
Soberano
NGN 37 6 775 027 298 000
USD 9 8 800 000 000
Municipal
NGN 22 484 850 000 000
Corporativo
NGN 29 331 377 000 000
USD 22 8 480 000 000
CHF 1 100 000 000

Sovereign rating

Rating AgencyRatingRating scaleDate
Dagong Global *** International scale rating (foreign curr.) ***
Dagong Global *** International scale rating (local curr.) ***
Organisation for Economic Co-operation and Development (OECD) *** Country Risk Classifications ***
Moody's Investors Service *** LT- foreign currency ***
Moody's Investors Service *** LT- local currency ***
S&P Global Ratings *** Foreign Currency LT ***
S&P Global Ratings *** Local Currency LT ***
Fitch Ratings *** LT Int. Scale (foreign curr.) ***
Fitch Ratings *** LT Int. Scale (local curr.) ***
National Rating Agency *** Global scale ***
Registration required. Please log in or fill in the registration form.

Latest bond issues

issue ISIN coupon volume end of placement maturity date
Nigeria, 7.143% 23feb2030, USD - Bonos internacionales XS1777972511 7.143% 1 250 000 000  USD 15/02/18 23/02/30
Nigeria, 7.696% 23feb2038, USD - Bonos internacionales XS1777972941 7.696% 1 250 000 000  USD 15/02/18 23/02/38
Nigeria, FGNSB 12.098 17jan2020 - Bonos locales 12.098% 73 050 000  NGN 12/01/18 17/01/20
Nigeria, FGNSB 13.098 17jan2021 - Bonos locales 13.098% 123 250 000  NGN 08/12/17 17/01/21
Nigeria, 6.5% 28nov2027, USD - Bonos internacionales XS1717011982 6.5% 1 500 000 000  USD 20/11/17 28/11/27
Nigeria, 7.625% 28nov2047, USD - Bonos internacionales XS1717013095 7.625% 1 500 000 000  USD 20/11/17 28/11/47
Nigeria, FGNSB 12.091 15nov2019 - Bonos locales NGFGS2019167 12.091% 72 420 000  NGN 06/11/17 15/11/19
Nigeria, FGNSB 13.091 15nov2020 - Bonos locales NGFGS2020173 13.091% 183 810 000 000  NGN 06/11/17 15/11/20
Nigeria, 0% 18oct2018, NGN (365D) - Bonos internacionales XS1707063746 0% 0  NGN 18/10/17 18/10/18
Fidelity Bank, 10.5% 16oct2022, USD - Bonos internacionales XS1692930404 10.5% 400 000 000  USD 11/10/17 16/10/22

World Bond market statistics

Quarterly indices

Type I 2017 IV 2016 III 2016 II 2016 I 2016 IV 2015 III 2015
BIS volume of international-bond market of emerging countries
Nigerian international bonds, USD bln 9.000 8.100 7.600 7.500 7.600 7.600 7.600
BIS net issues of international-bond market of emerging countries
International-bond net issue of Nigeria, USD bln 1.000 0.600 0.100   0.000 0.000 0.000

Currencies

Daily indices

Type: 21/02/18 20/02/18 19/02/18 16/02/18 15/02/18 14/02/18 13/02/18
Exchange Rates (Emerging Markets)
USD/NGN 360.4990 359.5040 361.0000 360.4990 360.0000 360.5010 360.5000
show other indices

Macroeconomic Indicators (World economy)

Monthly indices

Type Jan 2018 Dec 2017 Nov 2017 Oct 2017 Sep 2017 Aug 2017 Jul 2017
Inflation Rate (World), % to the same period of the previous year
Inflation Rate (Nigeria) 15.13 15.37 15.90 15.91 15.98 16.01 16.05
show other indices

Yearly indices

Type 2016 2015 2014
Government Debt to GDP (World), %
Government Debt to GDP(Nigeria) 18.60 11.50 10.60

JP Morgan

Daily indices

Type: 30/10/13 29/10/13 28/10/13 25/10/13 24/10/13 23/10/13 22/10/13
EMBI Global (publication was suspended since 30.10.2013) 
EMBI Global Nigeria * * * * * * *
show other indices

Subscription "Cbonds-Premium", "Cbonds-Premium Personal", "Cbonds-Trial", "Cbonds Premium Partner" required. Subscribe/Get trial access

Cotizaciones

issue volume maturity date bid prices ask prices
date bid price yield date ask price yield
Nigeria, 5.125% 12jul2018, USD   USD 12/07/18 18/05/16 **.* *.** 18/05/16 *** *.**
Nigeria, 6.375% 12jul2023, USD   USD 12/07/23 18/05/16 **.** *.** 18/05/16 **.** *.**
Nigeria, 6.75% 28jan2021, USD   USD 28/01/21 18/05/16 ** *.** 18/05/16 **.** *
Access Bank Plc, 7.25% 25jul2017, USD   USD 25/07/17 18/05/16 **.** *.** 18/05/16 **.** *.*
Access Bank Plc, 9.25% 24jun2021, USD   USD 24/06/21 18/05/16 **.** * 18/05/16 ** *
Afren, 10.250% 8apr2019, USD   USD 08/04/19 18/05/16 *.** ***.** 18/05/16 *.** ***.**
Afren, 6.625% 9dec2020, USD   USD 09/12/20 18/05/16 *.** ***.** 18/05/16 *.** ***.**
Africa Finance Corporation, 4.375% 29apr2020, USD   USD 29/04/20 18/05/16 ***.* * 18/05/16 *** *.**
Diamond Bank, 8.75% 21may2019, USD   USD 21/05/19 18/05/16 ** **.** 18/05/16 **.* **.**
Ecobank (Nigeria), 8.75% 14aug2021, USD   USD 14/08/21 18/05/16 **.** **.** 18/05/16 **.** **.**
Fidelity Bank, 6.875% 9may2018, USD   USD 09/05/18 18/05/16 **.*** **.* 18/05/16 **.* **.**
First Bank of Nigeria, 8% 23jul2021, USD   USD 23/07/21 18/05/16 **.** **.** 18/05/16 **.** **.**
First Bank of Nigeria, 8.25% 7aug2020, USD   USD 07/08/20 18/05/16 **.* **.** 18/05/16 **.* **.**
Guaranty Trust Bank, 6% 8nov2018, USD   USD 08/11/18 18/05/16 **.* *.** 18/05/16 **.* *.**
Guaranty Trust Bank, 7.50% 19may2016, USD   USD 19/05/16 18/05/16 **.** ****.** 18/05/16 ***.** *
IHS Towers NG (Hellios Tower), 8.375% 15jul2019, USD   USD 15/07/19 18/05/16 **.** **.** 18/05/16 **.** **.**
Sea Trucks Group, 9% 26mar2018, USD   USD 26/03/18 18/05/16 ** ***.** 18/05/16 ** ***.**
Seven Energy, 10.25% 11oct2021, USD   USD 11/10/21 18/05/16 **.*** **.** 18/05/16 **.** **.**
Zenith Bank, 6.25% 22apr2019, USD   USD 22/04/19 18/05/16 **.* *.** 18/05/16 **.* *.**
* Registration required. Please log in or fill in the registration form.
minimizeexpand
150 000
issues: local and international bonds
170
countries
+7 812 336 97 21
pro@cbonds.info
150 000
issues: local and international bonds
170
countries
Сbonds is a global Fixed income data platform
+7 812 336 97 21
pro@cbonds.info
Data
  • Descriptive data on bonds
  • Bond Quotes from trading systems and market participants
  • Prospectuses and other issue documents
  • Credit ratings
  • Indices and indicators
  • Market news and analytical research
Analytical instruments
  • Multi-parameter bond database search
  • Mapas de bonos
  • Market calendar
  • Bond calculator
  • Watchlist and Portfolio management
  • Chart analysis
  • Mobile App and Excel Add-in Tool
Enter or RegisterSubscription/Trial access
×