The Minister of Finance and Coordinating Minister of the Economy, Taiwo Oyedele, has said the relisting of Nigeria on a global bond index managed by JP Morgan is expected to attract about $17.5bn into the country’s debt market and reduce borrowing costs by up to 200 basis points.
Oyedele disclosed this on Monday in Abuja at the signing ceremony for the N728.979bn Series II bond under the N4tn Power Sector Multi-Instrument Issuance Programme.
The PUNCH reports that Nigeria’s naira-denominated government bonds were included in a JP Morgan benchmark, with the country assigned a 7.4 per cent weighting in the newly introduced Government Bond Index-Emerging Markets Edge.
The inclusion, disclosed in JP Morgan’s Global Index Research report dated September 14, 2026, gives Nigerian Federal Government bonds renewed exposure to international fixed-income investors tracking the bank’s frontier-market debt benchmark.
Nigeria’s 7.40 per cent allocation is close to the index’s eight per cent maximum country weighting, with $17.47bn of eligible Nigerian government bonds represented across 16 instruments.
