Nigeria says no delay in bond payments after Bloomberg report 

The Nigeria government has said there are no outstanding payments following a Bloomberg report that quoted the head of the country’s debt office as saying system issues were delaying coupon payment on savings bond.

“Nigeria has sufficient liquidity to meet all its financial obligations, and there is no default or delay in servicing our debts,” Wale Edun, minister of finance, said in a statement on Friday. 

The statement by presidential spokesman Bayo Onanuga said the Director General of the Debt Management Office, Patience Oniha, confirmed that as of September 19, the Central Bank of Nigeria had successfully processed all due payments. 

“The payment scheduled for today, September 20, is also being processed on time. Any suggestion of systemic financial issues causing delays in bond payments is unfounded,” it said.