Trump’s Military Threats Cause Nigeria’s Dollar Bonds to Plunge

Nigeria’s dollar bonds suffered significant losses following comments from former U.S. President Donald Trump. His threats of military action and aid suspension have cast a shadow over the nation’s financial markets, particularly its currency, the naira. This event has resulted in Nigeria’s dollar bonds becoming the worst performing among emerging market assets. The move underscores the heightened geopolitical tension stemming from clashes between Christians and Muslims in Nigeria. The economic repercussions of these tensions are already being felt as investors fear for the stability of the nation’s financial system.