Zamfara state sells 7 bln naira bond at 17 pct

Nigeria’s Zamfara State has issued a seven-year bond at a fixed rate of 17 percent to raise N7 billion ($35 million) for infrastructure projects, the lead issuing house FBN Capital said on Wednesday. The northwestern Nigerian state, which relies on agriculture launched a 30 billion naira debt programme to help it develop its infrastructure, its…

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