11 Years After, Nigeria Returns to JP Morgan’s Global Bond Index New index covers 26 markets, with Nigeria attracting 7.4% weighting Ndubuisi Francis in Abuja and Nume Ekeghe in Lagos
Leading global investment banker, JP Morgan, has included Federal Government of Nigeria (FGN)
bonds in its freshly launched Government Bond Index–Emerging Markets Edge (GBI-EM Edge),
FG: inclusion reflects growing investor confidence in current reforms relaunching the country into the bank’s bond benchmark after 11 years.
The development came days before FTSE Russell’s reclassification of Nigeria from Unclassified to
Frontier market status, effective Continued on page 8
2027: North Will Not Betray Tinubu’s Loyalty Towards Region, Says Campaign DG, Yari... Page 21 Tuesday 15 September, 2026 Vol 31. No 11482. Price: N400
www.thisdaylive.com TR
UT H
& RE A S O
N
FG Signs 728.9bn Power Bond, Formalises Financing Deal to Offset Gencos’ Debt Oyedele says debt settlement must be backed by reforms, market discipline NBET: It’s a milestone in efforts to address longstanding financial challenges Two issuances raise combined N1.23 trillion within nine months Emmanuel Addeh in Abuja The federal government yesterday
officially signed the financing documents for the N728.9 billion Series 2 power sector bond, marking
the completion of the transaction designed to settle part of its N4 trillion outstanding obligations to
the electricity market. The signing ceremony held in Abuja formalised the financing
arrangement after approval had already been secured for the Series 2 Tranche B of the bond, following
the earlier issuance of the Series Continued on page 8
Global Investors Scramble for Dangote Refinery’s Public Offer Africa’s richest man projects group’s market cap to reach $350bn by 2030 Promises strong returns, generational wealth for investors Says company has transformed Nigeria into refining, export hub NGX Chair: Offer represents milestone for Africa’s capital markets Sanwo-Olu: IPO is watershed moment for continent’s financial markets Company to list on US stock exchange in three years
Story on page 8
OPENING OF DANGOTE PETROLEUM REFINERY INITIAL PUBLIC OFFER...
R-L: Governor of Lagos State, Mr. Babajide Sanwo-Olu; Managing Director/CEO, Nigerian Exchange Group, NGX, Mr. Temi Popoola; President, Aliko Dangote Group, Alhaji Aliko Dangote; Executive Director, Commercial Operations, Dangote Group, Fatima Dangote; Group Chairman, NGX, Alhaji Umaru Kwairanga; Chairman, Coronation Group, Mr. Aigboje Aig-Imoukhuede; Founder, Zenith Bank, Mr. Jim Ovia; the Ooni of Ife, Oba Enitan Ogunwusi, Ojaja II; and Group Managing Director/CEO, Zenith Bank, Dame (Dr.) Adaora Umeoji, during the opening of Dangote Petroleum Refinery Initial Public Offer (IPO) at the NGX building, Marina, Lagos, yesterday