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CATEGORY

Economics

CBN Breaks Own Rules in ‘Ways and Means’ Advances to FG

The Central Bank of Nigeria (CBN) is breaking its own rules regarding Ways and Means Advances extended to the Federal Government (FG), MoneyCentral analysis...

Nigeria’s N15.4 Trillion Domestic Debt Binge Getting Cheaper to Finance

Nigeria's Federal government is binging on domestic debt which hit a record high as at June 2020, but one positive for policymakers in Abuja...

Nigeria’s Manufacturing PMI Contracts for Fourth Consecutive Month

The Manufacturing Purchasing Managers Index (PMI) in the month of August stood at 48.5 index points, indicating contraction in the manufacturing sector for the...

Nigeria Pension Funds Reallocate Assets as Entire Yield Curve Falls Below Inflation

Nigeria Pension Funds boosted holdings of longer dated Federal Government of Nigeria (FGN) bonds as the entire yield curve fell below inflation. In finance, the...

Emefiele Vindicated as IMF says Currency Devaluation Gains Limited

Nigeria’s Central Bank Governor Godwin Emefiele will be vindicated by new research by the International Monetary Fund (IMF), which suggests that the prevalence of...

Banks Aggregate Non Performing Loans Fall to 6.4 % in June

The Non-Performing Loan (NPLs) ratio of Nigerian banks decreased to 6.4 per cent at the end of June 2020 from 9.4 per cent in...

The Great Financial Repression Unleashed by CBN will Not end Well

The Central Bank of Nigeria (CBN) under Godwin Emefiele has gone full Financial Repression mode with numerous policies and it is certain not to...

Nigeria Posts Current-Account Deficit of $4.8bn for Q1

Nigeria’s Current-Account remained in deficit in the First Quarter (Q1) of 2020 as exports again dropped faster than imports amid a global economic slowdown...

CBN Financing of FG continues as Interest on Way & Means Hit N219bn in Q1

The Central Bank of Nigeria (CBN) has continued to finance the Federal Government (FG), by monetizing its fiscal shortfalls as the interest on Ways...

Corporate Refinancing to Test Markets with N380bn of Bonds, Commercial Paper due 2020

Nigerian Corporates are set to refinance about $1 billion (N380 billion) of maturing debt by the end of 2020, according to data compiled by...

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