April 22, 2021/IMFBlog By Tobias Adrian, Rohit Goel, Sheheryar Malik, Fabio Natalucci The rise in long-term US interest rates has become a focus of global macro-financial concerns. The nominal yield on the benchmark 10-year Treasury has increased about 70 basis points since the beginning of the year. This reflects in […]
OPINION/EDITORIAL
Nigeria’s Pension Industry Asset Under Management Increased by 16.6% YoY to N12.25trn in Feb 2021
April 22, 2021/Proshare by FBNQuest Research PenCom’s latest monthly report tells us that the assets under management (AUM) of the regulated pension industry increased by 16.6% y/y to NGN12.25trn (USD29.9bn) at end-February yet declined by -0.4% m/m. The commission explains the rare, albeit small, decline on a marked to […]
External Reserves Trot Higher on Stronger Crude Prices
April 22, 2021/United Capital Research Following two consecutive months of decline in gross external reserves (down 3.3% or $1.2bn m/m in Feb-2021 and down 0.8% or $279.4m in Mar-2021), gross reserves appear to be trotting higher in April, climbing 1.1% MTD or $398.4m. Year-to-Date, gross external reserves remain down by […]
