Business

Nigeria’s Recession Sends Bonds To Lowest In More Than Two Weeks

Bonds

Hours after the National Bureau of Statistics released facts showing that Nigeria is in recession, the dollar bonds fell across the curve to their lowest level in more than two weeks.

The 2023 issue chalked up the biggest losses, down 0.728 cents to trade at 99.417 cents in the dollar – its lowest since Aug. 15, according to Tradeweb data. The 2021 bond slipped by 0.489 cents to 102.156 cents while the 2018 issue lost 0.603 cents to trade at 101.167 cents.

 

Source: Reuters

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