OPINION/EDITORIAL

Sovereign Domestic Debt Restructuring: Handle with Care

(PHOTO: BCRACKER BY GETTY IMAGES) December 1, 2021/IMFBlog By Peter Breuer, Anna Ilyina, and Hoang Pham Restructuring domestic debt is like surgery: You only do it if you must, and you avoid it if it might do more harm than good. With rising debt vulnerabilities and growing stocks of sovereign domestic debt in emerging and […]

OPEC+ Under Pressure as Oil Prices Plunge Again

November 30, 2021/OilPrice.com Chart of the Week – Oil prices witnessed their biggest day-on-day loss in 18 months this Friday, with WTI falling a whopping $10.2 per barrel to the low $70s as Omicron fears sent ripples across markets.  – The WTI Jan 2022 contract saw the highest number of traded volumes […]

Fuel Subsidy Removal in Nigeria: A Potential Double-Edged Sword

November 30, 2021/United Capital Report Recently, the Minister of Finance hinted at a subsidy removal in 2022, with the Minister hinting at replacing the program with a N5,000 cash handout for the poorest Nigerians. The move to continue to treat Petrol Motor Spirit (PMS) as a public (which should be […]