Nigeria’s debut domestic US dollar bond has been named West Africa Deal of the Year at the prestigious 2025 Global Banking & Markets Africa Awards, following a landmark issuance that raised $917 million—far surpassing its initial $500 million target with an oversubscription of 180%.
Announced by the Debt Management Office (DMO) on August 19, 2024, the five-year bond was successfully listed on both the Nigerian Exchange (NGX) and the FMDQ Securities Exchange, making it a trailblazing step in deepening local capital markets.
The issuance attracted a wide array of investors, including domestic institutions, members of the Nigerian diaspora, and international investors. The Africa Finance Corporation (AFC) acted as Global Coordinator, underlining the strategic importance and credibility of the transaction.
The award was received by Dr. Doris Nkiruka Uzoka-Anite, Minister of State for Finance, at the Bonds, Loans & ESG Capital Markets Conference in Cape Town, South Africa, and formally presented to the Honourable Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, today in Abuja.
“This award marks an important milestone in our drive to position Nigeria—and Lagos in particular—as a global financial hub,” said Minister Edun. “It reflects the growing confidence in the strength, expertise, and resilience of Nigeria’s financial system, which continues to deliver even in the face of global headwinds.”
This international recognition reinforces Nigeria’s commitment to capital market development, investor engagement, and long-term economic growth. It also signals the country’s determination to attract global capital and elevate its standing as a top-tier destination for financial innovation and investment in Africa.