Nigeria to Sell $1b worth of Eurobonds by mid-Dec

Nigeria expects to raise $1 billion from Eurobonds by mid-December, a senior debt official said on Friday, according to Reuters report.

"All borrowing would be used for capital projects. In raising the money we are ensuring that local transaction partners, local banks, must be involved," Abraham Nwankwo, Director-General, of the Debt Management office, told reporters.