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Sunday, January 17, 2021
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CATEGORY

Fixed Income & Bonds

Buhari’s 2021 Expansionary Budget Goals Fall Short on Devaluation, Execution

Nigerian President Muhammadu Buhari signed a N13.6 trillion 2021 budget into law while touting its expansionary nature in a bid to revive growth in...

Nigeria Seeking to Keep Debt Costs Lower for Longer While It Can

Nigeria is seizing on historically low domestic bond yields to keep debt payments costs as low as possible even as it piles on more...

Banks set to Fund Emefiele’s N10 trillion Securitisation Plan

Nigerian Banks are being geared up to fund a proposed N10 trillion securitisation plan to shift the development financing and interventions on the balance...

Banks Sit on N654.23bn Income from Treasury Bills as Free Money Ends

Nigerian banks are sitting on N654.23 billion income from treasury bills as at the third quarter of 2020, which is 6.97 percent lower than...

Nigerian Companies Debt Pile Hits N1.75trn on Oando, Dangote, Others

Nigerian non-financial corporate debt pile is around N1.75 trillion, and at about 1.02 percent of gross domestic product, it has never been bigger. The pandemic...

One-Year Treasury Bills now Yield Below 1% in Nigeria’s New Normal

Welcome to the bizarre world of fixed income investing in Nigeria (Africa’s largest economy) where a Treasury Bill auction held by the Central Bank...

Buhari’s Dismal Economic Record Means 7 Years of Pain for Investors

Nigeria’s economy will not eclipse the highs it attained in 2015 until the year 2022, a 7 year gap that signals the dismal economic...

Listed Companies’ N99.13bn net loss Flash Economic Warnings

Twenty-six Nigerian companies fell off the cliff as they collectively posted a net loss of N92.13 billion in the second quarter, which could be...

Guaranty Trust Bank Employees Generate Higher Profit than Peers

Guaranty Trust Bank Plc, the largest lender by market value in Africa’s largest economy, has deployed its talented workforce in generating higher profit than...

Banks Shed Almost 10,000 Jobs in One Year, Led by Contract Staff

Nigerian banks effected 9,866 job cuts in the past year as the outlook for the economy weakened and automation gained steam. Non full time staff...

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