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Nigeria Evening Wrap: Bond Boom, Oil Spike, and Press Freedom Alarm | Lavamgam

World News

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Nigeria Evening Wrap: Bond Boom, Oil Spike, and Press Freedom Alarm

Nigeria’s financial markets got a double boost today as J.P. Morgan included the country in its global bond index, unlocking an estimated $17.5 billion in inflows, while crude oil prices spiked past $115 per barrel on Saudi pipeline disruptions. In domestic news, the government raised ₦729 billion to tackle power sector debt, and press freedom advocates condemned a police invasion of a Kaduna TV station.