September 24, 2021/CSL Research A Vanguard report says the Nigerian National Petroleum Corporation (NNPC) has spent N175.32bn on petrol subsidy in July 2021, which will be deducted from its remittance to Federation Account Allocation Committee (FAAC) in September. The corporation also noted that a previous outstanding balance of N40bn will […]
OPINION/EDITORIAL
Headroom Within the New Debt Ceiling – FBNQuest
September 23, 2021/Proshare by FBNQuest Research The FGN’s domestic debt increased by 14% y/y to NGN17.63trn at end-June as the authorities rushed to finance their fast-growing deficit, mostly with the sale of bonds at the monthly auctions. In contrast, the stock of pro-notes declined from NGN940bn at end-March to […]
CBN e-Naira Series 2: Can the e-Naira Deepen Financial Inclusion?
September 23, 2021/United Capital Research One of the marketed value propositions of the e-Naira is its potential to deepen financial inclusion in Nigeria, as it is targeted at both the banked and unbanked segments of the population. The CBN views the e-Naira as an opportunity to further its goal of […]
