IFC mulls naira bonds to deepen Nigeria debt mkt

Reuters
29 March 2011

IFC mulls naira bonds to deepen Nigeria debt mkt

LAGOS, March 29 (Reuters) - World Bank arm the International Finance Corporation (IFC) said on Tuesday it was looking to raise naira-denominated bonds to help deepen Nigeria's fledgling debt market.
Solomon Adegbie-Quaynor, IFC country manager in Nigeria, also said the corporation was planning an investment in a local investment bank over the next few months but gave no further details.