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Nigeria proposes regional bond market reforms to spur cross-border investments

Nigeria is proposing a series of regional capital market reforms to make it easier for investors to trade bonds across West Africa and unlock long-term funding for infrastructure and growth, Finance Minister Taiwo Oyedele said on Tuesday.Oyedele told an S&P Global Ratings Africa Summit in Lagos that fragmented capital markets across West Africa are limiting access to long-term financing, with no single market deep enough to attract the scale of investment needed for infrastructure and economic growth. [...]