Nigeria’s Risk Premium Hits 1yr High Despite Rising Oil Prices

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Investors are demanding higher returns from Nigeria to be holders of its debt as compensation for tolerating its high-risk environment, even at a time when oil prices are on a tear. The extra compensation investors demand to hold Nigeria’s benchmark 10-year bond rather than the 10-year US Treasury hits 9.4 percent in February from 8.9.

– Businessday

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