Nigeria, Nov. 5 -- Nigeria's Eurobond market has recorded significant selloffs as investors react nervously to U.S. President Donald Trump's recent threat of military intervention over alleged attacks on Christian communities in the country.
The sharp decline in investor confidence has pushed the average yield on Nigeria's 14 active Eurobonds down to 8.17 percent from 8.28 percent the previous day. Market analysts attribute the downturn to a combination of geopolitical tensions, profit-taking, and broader risk aversion in global markets.
Gbolahan Ologunro, a portfolio manager at FBNQuest, explained that international investors are fleeing high-risk assets following Trump's comments and general volatility across major economi...
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