Nigeria rakes $4bn from Eurobond auction

Nigeria raised $4 billion in its latest Eurobond issue on Tuesday to fund the 2020 budget deficit. Meanwhile, the Debt Management Office is conducting a bond auction today with a view to raise 150 billion naira in the local debt market. Chuka Nwachukwu, Head of Bonds Trading at UBA, joins CNBC Africa to discuss developments in Nigeria's fixed income market.