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Issuer developmentsNigeriaDeveloping story

Nigeria approves Israeli and French firms to build next-generation NigComSat satellites after $11.44m China dispute

On 24 August 2026 Nigeria approved acquisition and deployment of two next‑generation communications satellites, NigComSat‑2A and NigComSat‑2B, to be supplied by Israel Aerospace Industries and Thales Alenia Space. The decision follows a March 2026 dispute with China Great Wall Industry Corporation over a $11.44 million services debt that prompted a service suspension threat.

On 24 August 2026 Nigeria approved acquisition and deployment of two next‑generation communications satellites, NigComSat‑2A and NigComSat‑2B, to be supplied by Israel Aerospace Industries and Thales Alenia Space. The decision follows a March 2026 dispute with China Great Wall Industry Corporation over a $11.44 million services debt that prompted a service suspension threat.

The move shifts future procurement away from China for Nigeria’s national communications satellites, potentially altering supplier concentration for space‑based infrastructure and future project financing counterparties. It may reduce operational reliance on Chinese ground‑control services while creating new contractual relationships and payment obligations denominated in foreign currency to Israeli and French manufacturers; direct market price implications are contingent on procurement financing terms.

Contract finalisation and technical planning between NIGCOMSAT, IAI and Thales; first satellite launch target end‑2028.

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Price Discovery

Nigeria sovereign curve

Latest server-calculated mid yield by maturity. Points are observed Price Discovery levels, not an interpolated valuation curve.

15 priced bonds
9.18%8.18%7.18%6.18%5.18%20272033203920452051Nigeria 27 · Nov 2027 · 5.712%Nigeria 28 · Sept 2028 · 6.192%Nigeria 29 · Mar 2029 · 6.493%Nigeria 30 · Feb 2030 · 6.839%Nigeria 31 Jan · Jan 2031 · 7.177%Nigeria 31 Jun · Jun 2031 · 7.137%Nigeria 32 · Feb 2032 · 7.351%Nigeria 33 · Sept 2033 · 7.752%Nigeria 34 · Dec 2034 · 7.859%Nigeria 36 · Jan 2036 · 7.987%Nigeria 38 · Feb 2038 · 7.982%Nigeria 46 · Jan 2046 · 8.617%Nigeria 47 · Nov 2047 · 8.456%Nigeria 49 · Jan 2049 · 8.598%Nigeria 51 · Sept 2051 · 8.655%
Move across the curve to inspect a bondAs of
BondMid pxYield
  • Nigeria 27Nov 2027100.8135.712%
  • Nigeria 28Sept 202899.8756.192%
  • Nigeria 29Mar 2029104.1256.493%
  • Nigeria 30Feb 2030100.8756.839%
  • Nigeria 31 JanJan 2031105.6257.177%
  • Nigeria 31 JunJun 2031109.6257.137%
  • Nigeria 32Feb 2032102.2507.351%
  • Nigeria 33Sept 203398.0007.752%
  • Nigeria 34Dec 2034114.8757.859%
  • Nigeria 36Jan 2036104.1257.987%
  • Nigeria 38Feb 203897.8757.982%
  • Nigeria 46Jan 2046104.7508.617%
  • Nigeria 47Nov 204791.8758.456%
  • Nigeria 49Jan 2049106.3758.598%
  • Nigeria 51Sept 205195.8758.655%

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