Nigeria’s bond auction sees ₦312.6bn subscription

Four instruments offered to investors at Monday's FGN bond auction raised a total subscription of 312.6 billion naira, signaling a strong investor appetite for the 30-year Bond on offer. Meanwhile, Angola's state-owned oil company, Sonangol, has offered a 75 billion kwanzas corporate bond with maturity date of 14 September 2028 at a rate of 17.5 per cent per annum. Wonuola Akanbi, Head of Energy and Infrastructure, Global Markets at Stanbic IBTC Bank, joins CNBC Africa for some market updates.