September 24, 2021/OilPrice.com Oil prices are heading for another weekly gain as supply disruptions led to tighter supply. The risk of traders taking profits, however, could push prices lower. Friday, September 24, 2021 Oil prices are heading for a third straight week of gains despite a slight downward correction on […]
OPINION/EDITORIAL
$4 Billion Eurobond: Implications for the Currency and Fiscal Position
September 24, 2021/CardinalStone Research Event Nigeria successfully accessed the international capital market on Tuesday, issuing $4.0 billion in Eurobonds. The issuance was spread across three tenors, $1.25 billion on the 7-year, $1.5 billion on the 12-year and $1.25 billion on the 30-year instrument, with respective yields at 6.125%, 7.7375% and […]
First “Under-Recovery”, Now ‘Value Shortfall’; Can Nigeria Bite the Bullet on Subsidies?
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 […]
