Investor Confidence Grows As Nigeria’s DMO targets Issuing €3 Billion Euro Bond


The investment outlook is promising, albeit with heightened volatility and liquidity challenges compared to Egypt. Despite this, the opportunity remains enticing.

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Looking ahead, Nigeria’s debt management office is considering issuing a significant two-to-three billion-Euro bond, alongside potential funding from the World Bank, aiming to address concerns over pent-up domestic demand for dollars.

Broad Reach, a $1.5 billion hedge fund, is banking on currency stabilization, interest rate adjustments, and external financing to mitigate volatility in targeted countries.

Their strategy diverges from past practices, focusing on high coupon rates to offset potential bond price declines.

Last year, the fund generated a 14% return through its emerging market credit and rates positions, with a 12% increase in the first quarter.

Bradley Wickens, the fund’s London-based founder, emphasizes the long-awaited opportunities presented by these countries, formerly distressed credits.

Wickens encourages substantial investment in these trades, urging confidence in their potential.

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Godwin Okafor
Godwin Okafor
Godwin Okafor is a veteran Financial Journalist, Internet Social Entrepreneur, and the visionary Founder of Naija247news Media Limited. With an extensive career spanning over 16 years in financial journalism, Godwin possesses a wealth of experience that seamlessly bridges both traditional and digital media landscapes. His journey in journalism commenced at Business Day, Nigeria, where he laid the foundation for his prolific career. In 2010, Godwin took a bold step by founding Naija247news Media, a platform that has since become a prominent player in delivering timely and accurate news. Educationally, Godwin Okafor holds a Bachelor's degree in Industrial Relations and Personnel Management from the prestigious Lagos State University, Ojo, Lagos. His commitment to continuous learning led him to the Lagos Business School, where he further honed his skills. Additionally, he is recognized as a Fellow of the University of Pennsylvania, having successfully completed the Wharton Seminar for Business Journalists. Throughout his illustrious career, Godwin has earned acclaim by winning numerous journalism awards, a testament to his dedication to excellence in reporting. Beyond his role as a Financial Journalist, Godwin Okafor wears the hat of the Chairman at Emmerich Resources Limited, the publishing entity behind Naija247news. His visionary leadership has played a pivotal role in shaping the media landscape and establishing Naija247news as a trusted source of information. Godwin Okafor's multifaceted expertise, commitment to journalistic integrity, and leadership in the realm of business journalism underscore his influential presence in both the media and entrepreneurial spheres.

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