Nigeria has initiated the process to return to the international debt market by seeking financial advisers for a planned Eurobond issuance.
The Debt Management Office is laying the groundwork for the sale, which would mark the country's first foray into the market since a heavily oversubscribed offering last November.
The move comes as Nigeria’s Eurobond yields edged higher last week.
Investors have been reassessing risk across emerging markets following renewed signals that US interest rates could remain elevated for longer.
The yield increase reflects growing pressure on sovereign debt in the region as borrowing costs rise globally.
This development represents a significant step in the country's sovereign financing strategy.