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Nigeria's Senate approves $500 million Eurobond sale

Proshare

Thursday, March 23, 2017 1:12 PM/ Reporting by Chijioke Ohoucha and Oludare Mayowa; Editing by Alison Williams, Reuters
 
Nigeria's upper house approved on Wednesday a request by the government to sell a $500 million Eurobond to help fund the 2017 budget, its deputy president said.

"The Senate considered the request of Mr. President for the approval of $500 million Eurobond from the international capital market.

The request is hereby approved," Ike Ekweremadu, deputy Senate president, said in a televised debate.



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