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NIGERIAN EUROBONDS NOVEMBER 24, 2020: 6.75% $500M Jan 2021 – 100.860/ 1.624%,   5.625% $300M Jun 2022 – 103.527/3.318%,   6.375% $500M Jul 2023 – 107.314/3.435%, 7.625% $1.118BN Nov 2025 – 112.595/4.847%,  6.500% $1.50BN Nov 2027 – 105.077/5.613%,   7.143% $1.25BN FEB 2030 – 105.354 1/ 6.366%, 8.747% $1.0BN Jan 2031 – 113.247/6.908%,   7.875% $1.50BN Feb 2032 – 108.120/6.825%,   7.696% $1.25BN Feb 2038 – 104.400 /7.243%,  7.625% $1.50BN Nov 2047 – 102.961/7.371%,   9.248% $750M Jan 2049 – 114.136/7.978%.
Business Finance Info & Updates

Oil price rises 2% after falling to $36

The international oil benchmark, Brent crude, gained nearly two per cent on Monday, shaking off earlier losses, as the United States heads into a contentious presidential election.

Brent, against which Nigeria’s oil is priced, had fallen more than $2 to around $36 per barrel earlier on Monday but rose to $38.63 per barrel as of 8:30pm Nigerian time.

Reuters reported on Monday that the oil market had been under pressure in recent days, hit by concerns about weaker fuel demand as several European countries went into lockdown to curb the coronavirus. New infections spiked in the United States as well.

Oil prices pared some losses after Japan’s export orders grew for the first time in two years and China’s factory activity rose to its highest in nearly a decade in October.

Further, US manufacturing activity accelerated more than expected in October, with new orders jumping to their highest level in nearly 17 years.

President Donald Trump will face off against Democratic candidate Joe Biden in the election, which has spiked concerns nationwide about turbulence and protests stemming from the results.

Countries across Europe have re-imposed lockdown measures to try to slow COVID-19 infection rates that have accelerated over the past month.

Punch

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