A towel with a print of the Nigerian naira is displayed for sale at a street market in the central business district of Lagos, Nigeria, February 4, 2016.

Nigeria made $300 million with a bond targeted at the 15 million Nigerians living abroad

$300 million

The Nigerian government raised $300 million through a five-year bond targeted specifically at Nigeria’s diaspora population.

Published June 28, 2017 | Photo by Reuters/Akintunde Akinleye

$300 million

There are about 15 million Nigerians living abroad. And they send billions of dollars home every year.

$300 million

Nigeria is the sixth country in the world to receive most remittance money, and the first in Africa.

$300 million

Countries that received most remittance money in 2016

$300 million

So Nigeria decided to create the bond and channel some of that money into paying its huge public debt.

$300 million

Nigeria marketed the investment as a way to contribute to the country’s development while abroad.

Published June 28, 2017

Nigeria made $300 million with a bond targeted at the 15 million Nigerians living abroad

$300 million

There are about 15 million Nigerians living abroad. And they send billions of dollars home every year.

Nigeria is the sixth country in the world to receive most remittance money, and the first in Africa.

Countries that received most remittance money in 2016

So Nigeria decided to create the bond and channel some of that money into paying its huge public debt.

Nigeria marketed the investment as a way to contribute to the country’s development while abroad.

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Nigeria made $300 million with a bond targeted at the 15 million Nigerians living abroad

$300 million

There are about 15 million Nigerians living abroad. And they send billions of dollars home every year.

Nigeria is the sixth country in the world to receive most remittance money, and the first in Africa.

Countries that received most remittance money in 2016

So Nigeria decided to create the bond and channel some of that money into paying its huge public debt.

Nigeria marketed the investment as a way to contribute to the country’s development while abroad.

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economics

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corporate

Leonardo da Vinci’s last known painting once sold for $60—now it’s being auctioned off for at least $100 million

Finance

Bitcoin hits another record high, as Japan picks up China’s slack

Technology

You probably touch, tap, and swipe your phone 2,617 times per day

economics

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economics

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corporate

Almost a quarter of companies in Japan have workers clocking more than 80 hours of overtime

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