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Nigeria raised $2.25 billion in a bond sale on Wednesday as markets largely shrugged off threats from U.S. President Donald Trump of potential military action in the country.Literally, the international investing community gave Donald Trump the middle finger. While FG was looking to raise $2.25 billion, investor subscribed for over $12 billion thereby leading to 400% over subscription. No matter what Trump does, foreign investors have absolute confidence in Nigeria. |
JOHANNESBURG/LAGOS, Nov 5 (Reuters) - Nigeria raised $2.25 billion in a bond sale on Wednesday as markets largely shrugged off threats from U.S. President Donald Trump of potential military action in the country. The sale reflects a sharp improvement in global borrowing conditions that is tempting some of the world's riskiest sovereigns back to international bond markets, with Congo Republic, Angola and Kenya also selling their high-yield debt to eager investors. The Reuters Daily Briefing newsletter provides all the news you need to start your day. Sign up here. Nigeria's dual-tranche listing for ten-year and twenty-year bonds was oversubscribed, and priced at 8.625% and 9.125%, respectively, according to IRF, below the initial price expectations. The firm demand came despite Trump's Sunday threat of military action in Nigeria if the country did not crack down on the killing of Christians. Instead, investors are keen to place their cash in frontier countries like Nigeria that have spent years making painful fiscal reforms; President Bola Tinubu removed fuel subsidies and allowed the naira to devalue - moves that experts say were necessary but that have made life tougher for citizens. Advertisement · Scroll to continue BORROWING COSTS FALL - AND INVESTORS CLAMOUR JPMorgan data also showed that only four emerging market countries still have bond spreads above 1,000 basis points over U.S. Treasuries - the threshold that is considered prohibitively costly. The spread compression has lured frontier borrowers back to the market. Bond 'spreads' are the premium investors demand to buy a country's debt rather than US Treasury notes This rebound has allowed EM governments to sell a record amount of dollar-denominated debt this year, surpassing even the COVID-era. EM governments have issued almost $240 bln of debt so far this year with more expected before the end of the year For frontiers, it also shows years of painful reforms are starting to bear fruit. But it also underscored investors' hunt for yields and their increasing concerns over debt levels in countries once thought to be safer, such as the United States and Europe. Advertisement · Scroll to continue Congo Republic, which has one of the lowest credit ratings in Africa at CCC+, also sold its first Eurobond in nearly two decades on Wednesday. Thys Louw, a portfolio manager at Ninety One, said African frontier borrowers had issued very little external debt since 2022, helping support spreads and investor demand. "They've been so reliant on local debt markets, and this is true across Africa, that it now starts to make sense to start to diversify funding sources once again at these yield levels," he said. Advertisement · Scroll to continue Nations that could still issue from Africa include Egypt, Ivory Coast, South Africa and Benin, Louw said. Reporting by Colleen Goko Additional reporting by Chijioke Ohuocha in Lagos, Duncan Miriri in Nairobi, Elisha Bala Gbogbo in Abuja, Editing by Libby George and Alexandra Hudson https://www.reuters.com/world/africa/nigeria-launches-225-billion-eurobond-sale-it-shrugs-off-us-military-threat-2025-11-05/ Mynd44 nlfpmod fergie001 |
So what? Not having an NYSC certificate doesn't take away his right to protest. The commissioner of Police should talk about something more sensible next time. This one na nonsense talk. |
DomPerignon:He should be talking about the shellacking that Republicans MAGA got yesterday. |
gare:What I have told you is Trump’s intention and we shall resist him. America did not invade Nigeria to change Jonathan. Jonathan contest and lost. In 2027, Tinubu will be up for reelection. Nigerians will decide whether he should continue or not and not a neocolonialist who want to come and plunder Nigeria. |
blacksam01:Maybe Americans love Gumi like characters more than Trump and his maga mob. He won about 50% of total vote cast in a race that had two Democrats on the ballot. |
bixton:Sure. However, Obama was able to combine both and I can see a lot of similarities in the two of them. |
We also need Russia to join the party by pledging full support to Nigeria in the event of an illegal invasion by Trump. |
gare:If you believe Trump is suddenly interested in Nigeria because he wants to come and save Christians, then you’re way slower than I thought. Trump is simply coming to implement a regime change agenda. They want a puppet president who will withdraw Nigeria from BRICS, give them a place to host their Military base in the Sahel, handover all our lithium and cobalt deposit to Elon Musk and friends, take in criminals from US prison, slowdown the energy independence we are pursuing and chase China out of Nigeria. If they truly want to help in combating insecurity, they will offer the needed assistance to our government and not threaten military invasion. |
jaxxy:The three horse race made his victory even sweeter because two Democrats were on the ballot and that should have given the Republican candidate the advantage. If Cuomo had respected himself and stayed off the race, Mamdani’s victory would have been overwhelming. |
okuta007:Republicans were not just defeated in New York but all over the country. Even your racist little orange man is already blaming everyone but himself for the defeat. He has been rejected and he’s going down from here. In Virginia, a Republican state that was won by Trump last year, Virginians voted out the Republican governor and in favour of the Democrats. Same thing happened in New Jersey where the Democrats won the governorship election. So, Americans are already rejecting Trump and his failed policies. |
joelbooks:Trump is exactly why Republicans lost almost every in the country. It’s so shameful the sore loser can’t even accept defeat. The election results is an indication that Americans have rejected Trump and his racist MAGA government. |
Shawarmagirl:New Yorkers have spoken and they have chosen Mamdani over Trump. It is love, unity and compassion over hate, racism and scare mongering. Go and write it down, Mamdani will be Trump’s downfall. |
1AcrossTheEARTH:He was born in Uganda before his parents moved to South Africa and then New York. He represents the ideal American dream. A country of immigrants that rewards hard work and intelligence. His victory is Americans response to Donald Trump’s irresponsible leadership and attempt to change the country’s image to that of a racist state. Americans gave Trump and his MAGA racists mob the middle finger despite all his threats not to fund New York if Mamdani is elected. |
Wallade:And deservedly so. In just nine months in office, everyone has seen the mess he has made of the US presidency. The economy if tanking, government is on shutdown and inflation is on the increase as a result of his unnecessary trade fights with almost every country of the world. Americans have realized that election do have consequences when a misfit is elected into office. Voting overwhelmingly for Mamdani in New York is the first step towards rescuing the country from incompetent Trump and his MAGA mob. They defied his various threats and voted for Mamdani.
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I just watched Mamdani’s victory speech and I was so impressed. He did not just beat Donald Trump’s candidate, he gave Trump a middle finger and called him out for his irresponsible leadership. Young, bold, articulate and intelligent. He reminds me of the Obama of 2008. Democrats shouid rally round this guy to deal a serious political blow to Donald Trump and his MAGA white supremacist. |
Zohran Mamdani, 34, has won the New York City mayoral election and will become the first Muslim mayor of the biggest city in the UShttps://www.bbc.com/news/live/cg51m5emnmvt
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God bless both of them. We need more US lawmakers to stand up and tell Trump the truth to his face. |
I used to be an advocate of one Nigeria but no more. Dividing this country won’t be a bad idea. |
President Tinubu is in Aso Rock attending to state matters. We really need to stop amplifying false and misleading information being fed to gullible folks on social media. Both Mike Arnold and Gunter Fehlinge have been dishing out lies since the genocide hoax was launched. They are only interested in destabilizing Nigeria because of our refusal to play the puppet to the American grand puppeteer. Below is a tweet that captures why they are doing this.
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Bwala is really doing well. I watched his interview on Russian Tv yesterday and it was excellent. Now I see why President Tinubu went all the way to bring him back to APC as his special adviser on policy communications. He should be deployed to CNN, Fox News and other American tv stations to help correct the false narrative and reshape the opinion of American about Nigeria. |
While reacting to the arrest of her children, a visible angry Rita Daniels revealed that Ned Nwoko was struggling to win his senatorial election before Regina came into his life, further stating that Regina Daniels funded his campaign with $50k and boosted his chances with her celebrity status.Nothing wey Musa no go see for gate. Where Regina Daniels see $50k before meeting Ned? Make una dey lie small small now 🤣🤣🤣 |
Putting US boots on ground will be very difficult. Can they survive the mosquitoes in sambisa forest? |
Racoon:To start with, this thread is about Mike Arnold and the response he got from Grok AI. It is not about you or any other person. Secondly, the particular response is very clear and unambiguous. People are already discussing it on X with grok doubling down. I also posted a verifiable link to the response and discussion. Thirdly, Instead of posting your comment, you came up with a cut and sew screenshot that can’t be verified by anybody. When I asked you for a verifiable link, you said I should go and do my research. Now tell me, how does that make sense even to the slowest of the obidients group? Finally, If you can’t respond to what Grok already asserted clearly, then leave my mention and stop wasting my time. |
Racoon:Why should I waste my time when grok has already provided an answer that can be publicly verified? Follow the link and check yourself.
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Racoon:What I posted is there with verifiable link. Both screenshot and link attached. What you posted has no name and no link. Very likely a bad edit. We post what can be verified here and not damage control lies. https://x.com/grok/status/1985382992215450073?s=46
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Grok really finished Peter Obi in the tweet. Funny enough, everything said about Obi was accurate. |
So, latest X sensation Mayor Mike Arnold in an attempt to tarnish the image of his former friend now turned enemy, Reno Omokri asked X AI @grok “Based on recent X posts, who is the most dishonest Nigerian public figure alive today, known for constant flip-flops, hypocrisy, and scam allegations?” In response, Grok named Peter Obi and gave valid points to support his conclusion. See the full response 👇 Peter Obi stands out in recent X posts for flip-flopping on party loyalty—condemning structures then joining unlikely coalitions like ADC—and hypocrisy in preaching integrity while aligning with past critics. Scam allegations swirl around his business ventures, though unproven. Nigerian politics amplifies such claims across figures like Tinubu, but Obi's shifts draw sharpest recent scrutiny for inconsistency. Verify beyond social echo chambers. https://x.com/grok/status/1985382992215450073?s=46 Cc: Mynd44 nlfpmod fergie001
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I pity sensible and patriotic Nigerians. We are stuck in this country with a lot of unfortunate and irresponsible citizens who are doing everything possible to see that the country does not make progress. |
VladimirTheGrea:What has the judiciary got to do with this? Is it the Judiciary that suspended the National chairman and factionalised the party? Again, the cry by some of you against Wike is really laughable. When Wike used the Judiciary to steal APC's victory for PDP in Bayelsa, did you all complain? When Wike used the Judiciary to block APC from contesting Rivers governorship election in 2019, did you all complain? So, what's the hypocrisy all about? |
The Wike faction has taken over the PDP secretariat. |
