Nigeria, Oct. 8 -- The Nigerian Government hopes to approach the Eurobond market before the year winds down to raise $2.3 billion, its second return to the international bond market since last December when the $2.2 billion debt it issued ended a near three-year period of inactivity.

A $500 million sukuk bond, the first of its kind to be offered by the country, is also in the pipeline.

"There are plans to issue Eurobonds in the fourth quarter of 2025, subject to market conditions," Patience Oniha, the director-general of the debt office, said on Wednesday, according to a Bloomberg report.

"In terms of what we need it's $2.3 billion," she stated further, adding that the tenors of the securities from the offer will determine their pricin...