Browsing: FGN
Bond Market Investors Raise Position on Short-term Instruments. Amidst uncertainties in the economy, investors remained largely bullish in the bond market but with record interest in short-term instruments.
Nigeria’s Public Debt Profile Escalates to ₦31trn in June, 2020. Nigeria’s total public debt expanded to N31 trillion in the first half of 2020 amidst growing concerns in the economy about attendance cost of servicing the obligation and its sustainability.
Trade Deficit Reflects Depth of Nigeria’s FX Issues – Cardinalstone. Cardinalstone Partner, a leading investment banking firm headquartered in Lagos has said that trade deficits recorded in the second quarter of 2020 underscores depth of Nigeria’s foreign exchange (FX) issues.
Price Instability Threatens CBN’s Single Digit Inflation Target:Persistent rise in average prices of goods is putting pressure on household income, couple with the fact that unemployment rate is at worst level since 2010.Analysts have again projected that the dust is yet
Growth: Experts Task FG on Private Sector Driven Economic Policies. To strengthen the nation’s economic growth trajectory, experts have asked the Federal Government to development private sector driven policies and create enable business environment for local businesses to thrive.
‘Unemployment Rate Data Downplays Labour Market Condition’ Afrinvest, a leading investment firm headquartered in Lagos has said it discovered that…
Brent Crude Fell to $45.31 after IEA Lower Forecast. Brent Crude fell 0.3 per cent to $5.31 per barrel on Thursday after the International Energy Agency lowered its 2020 oil demand forecast.
PMI: Sustain Contractions Foreshadow Economic Recession –Analysts. The sustained contraction of the Purchasing Managers’ Index (PMIs) for the third consecutive month in July 2020 forebodes an economic recession for the country, experts at Cowry Asset Limited have said.
₦5 trillion: AMP Scheme Strategic To AMCON’s Recovery – Kuru. The Asset Management Corporation of Nigeria (AMCON) Managing Director/Chief Executive Officer, Mr Ahmed Kuru attested to the efficacy of the processes of receivership and winding up procedures as amended in the 2019 AMCON Act
Nigeria’s 9% Foreign Currency Debt to GDP Remains Moderate -Fitch. Less Financing to Short-term financing Stress.External Reserve Projected to drop 40%. Low fiscal Revenue weakens Debt Sustainability