August 17, 2021/United Capital Research After over two decades of “dilly-dallying” on one of the most important bills in the country, the President of the Federal Republic of Nigeria, Muhammadu Buhari, yesterday, signed the Petroleum Industry Bill (PIB) into law. The bill provides a legal, governance, regulatory and fiscal framework […]
OPINION/EDITORIAL
From the History Books: The Rethinking of the International Monetary System
(Photo: Getty Images) August 16, 2021/IMFBlog By Atish Rex Ghosh Fifty years ago, the world changed. On August 15, 1971, US President Richard Nixon slammed shut the “gold window,” suspending dollar convertibility. Although it was not Nixon’s intention, this act effectively marked the end of the Bretton Woods system of […]
A Widening of the Fiscal Deficit in Q1 2021
August 16, 2021/Proshare by FBNQuest Research We see from the CBN’s Quarterly Statistical Bulletin (QSP) for Q1 ’21 that the fiscal operations of the Federal Government of Nigeria (FGN) resulted in a deficit of NGN2.4trn, up from c.NGN1.6trn in Q4 ’20 (NGN1.4trn Q1 ’20). In more relatable terms, the deficit […]
