Nigeria has begun laying the groundwork for its return to the international debt market, seeking advisers for a planned Eurobond sale, following a heavily oversubscribed issuance last November.
The Debt Management Office (DMO) has invited qualified financial institutions and professional firms to submit expressions of interest to act as transaction advisers for the proposed Eurobond, expected to be part of the government’s external borrowing programme for 2026. The advisers will include financial, legal, and other specialist roles required to structure and execute the issuance.
The planned transaction marks an early but significant step in Nigeria’s strategy to re-enter global capital markets, which it largely stayed away from over the past two years due to elevated global interest rates and volatile financial conditions that sharply increased borrowing costs for emerging and frontier economies.
Officials say the Eurobond would help support budget financing needs, refinance existing obligations, and provide additional resources for infrastructure spending as the government seeks to balance fiscal pressures with development priorities. The final size and timing of the issuance will depend on market conditions and investor demand after advisers are appointed.
