Nigeria, May 31 -- Nigeria's dollar bonds accelerated on Monday, a day after newly inaugurated President Bola Tinubu vowed to harmonise the country's multiple interest rates.
Mr Tinubu promises to take key monetary policy decisions in order to draw investors and end fuel subsidies which have eroded the government's revenues for years.
Eurobonds, which have 2047 as their maturity, had risen 3.9 per cent to 67.1 cents on the dollar as of 12:30 p.m. in London, according to Bloomberg. Those due in 2049 added 3.4 per cent, while debts maturing in 2051 climbed 4 per cent.
President Tinubu said during his inaugural address on Monday his administration would work to abolish Nigeria's multiple exchange rate regime, which has seen the differential...