OPINION/EDITORIAL

Oil Prices Fall As Bearish Sentiment Returns

March 30, 2021/OilPrice.com Chart of the Week –    Annual spending by U.S. utilities on transmission has increased from $9.1 billion in 2000 to $40 billion in 2019. –    The increase includes both new investment and an increase in opex costs.  –    One example: In 2020, Minnesota Power connected a 224-mile, […]

The CBN and Interest Rates

March 30, 2021/Coronation Research Last week the fixed income markets received two important indicators as to the likely direction of market interest rates. One was the fact that a few members of the Central Bank of Nigeria’s (CBN) Monetary Policy Committee voted to raise the Monetary Policy Rate, even though a […]

Modest Burden of External Debt Service in Q4 2020

March 30, 2021/Proshare By FBNQuest Research  We see from the DMO’s latest quarterly data releases that the FGN’s external debt service payments amounted to USD244m in Q4 ’20, a combination of USD101m and USD143m due to market and non-market creditors respectively. The burden is modest because about two-thirds of the […]