As Nigeria sets terms for the conversion of its stock of the Central bank’s overdrafts into long-term notes, Nigeria’s Debt Management Office disclosed to Bloomberg that the 10 trillion-naira debt will be exchanged for 30-year notes issued to the central bank. Meanwhile, Nigeria approved the establishment of a one trillion-naira Infrastructure company to help close the infrastructure gap. Dayo Amzat, CEO of Zedcrest Capital joins CNBC Africa for more.
Nigeria seeks to convert 10 trillion naira CBN financing to 30-year debt
PUBLISHED: Thu, 18 Feb 2021 12:32:34 GMT