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CATEGORY

Economics

First Abu Dhabi Bank to Syndicate $5 Billion Nigeria Swap

First Abu Dhabi Bank (FAB), the United Arab Emirates’ largest lender, is looking to sell down part of its $5 billion total-return swap with...

CBN “Resets” Interest Rate To 23%

The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) has announced a resetting of the baseline interest rate, the Monetary Policy...

Nigeria’s 26.5% Rate Trap as CBN Is Caught Between Inflation & Economy Crying for Credit

By BLAISE UDUNZE The Central Bank of Nigeria heads into its 307th Monetary Policy Committee meeting this week facing an economic contradiction that makes the...

Nigeria’s Local Bonds Join $328 Billion JPMorgan Frontier Index With 7.4% Weight

Nigeria has been assigned a 7.4% weight in JPMorgan Chase & Co.’s new GBI-EM Edge index, offering the country a fresh route back into...

Carry Trade Remains Intact as FPIs Inflow $18 Billion Into Nigerian OMO Assets

Total Foreign Portfolio Investors (FPI) holdings in Open Market Operations (OMO) bills is currently estimated between $18.0 billion and $20.0 billion (excluding private placement...

CBN Throws Open OMO Auctions to Retail Investors, Eases Discount Window Access and Revives Repo Market in Liquidity Overhaul

The Central Bank of Nigeria (CBN) unveiled a sweeping overhaul of its liquidity management framework on Wednesday, removing longstanding penalties on banks that tap...

CBN 2025 Group Profit Triples to ₦136.4 Billion as Balance Sheet Swells to ₦138.9 Trillion

The Central Bank of Nigeria's (CBN) freshly released 2025 annual report shows Group profit for the year came in at ₦136.44 billion, more than...

Naira’s Collapse Erased $2.7 Billion From Nigeria’s Top Five Banks Since 2014 — FirstRand Gained $9 Billion

Currency depreciation has done more damage to Nigerian bank valuations, in dollar terms, than any operational shortfall. The combined market capitalization of Nigeria’s top five...

Nigeria High-Yield Regime Locked in as Government Supply Dominates Fixed Income

The decision by the Monetary Policy Committee (MPC) to hold the Monetary Policy Rate (MPR) at 26.50% and keep all cash reserve ratios unchanged...

Nigeria Draws First Tranche of $5 Billion Swap With UAE’s First Abu Dhabi Bank

Nigeria has accessed the first tranche of a $5 billion derivatives deal with United Arab Emirates’ largest lender, pressing ahead with a transaction that...

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