Nigeria seeks $5bn total return swap financing, pledging naira-denominated bonds as collateral amid Fitch warnings.

The entities involved

• Nigeria →

  sovereign state in West Africa

  • An attack occurred in Zamfara state, Nigeria, with reports coming from Maiduguri and a convoy traveling to Nasarawa market.13:35
  • Girls competed in a summit held in Bengaluru, with reports of travel between countries on October 13, 2026.13:24
• naira →

  currency of the Federal Republic of Nigeria

  • The Central Bank of Nigeria's policy rate is stated to influence the exchange rate of the Nigerian naira.Mon 14:33
  • The policy failure of fuel subsidy removal and nominal increase due to exchange rate shifts in Nigeria.Sat 12:10
• Fitch →

  Japanese pornography producer

  • Romania seeks a positive credit rating from Fitch while the Ministry of Finance publishes budget implementation and Nazare reports on fiscal consolidation.Sat 16:40
  • Fitch affirmed a B+ rating for Barbados, coinciding with the opening of residences at Bay Street.Fri 20:21

Related events

• Governments are increasingly using total return swaps.Oct 6
• Nigeria issued bonds to fund national debt requirements while struggling to reconcile liquidity surplus with currency pressure.Jun 29