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Nigeria Naira Bonds Beat EM Peers as Tinubu Reforms Get Noticed
Nigeria Naira Bonds Beat EM Peers as Tinubu Reforms Get Noticed

Bloomberg

time6 days ago

  • Business
  • Bloomberg

Nigeria Naira Bonds Beat EM Peers as Tinubu Reforms Get Noticed

Nigerian President Bola Tinubu's reforms are sparking the biggest bond rally in emerging markets as the West African nation's two-digit carry yields are backed by increasing government revenue, slowing inflation and a stable currency. Naira-denominated bonds of Africa's largest crude producer have extended their 2025 rally with an 8.6% total return in July, the best performance among the 23 countries in the Bloomberg EM Local Currency Government Universal Index both for the month and the year.

Syria declares ceasefire after deadly clashes in Sweida
Syria declares ceasefire after deadly clashes in Sweida

France 24

time15-07-2025

  • Politics
  • France 24

Syria declares ceasefire after deadly clashes in Sweida

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