January 5, 2021/Proshare By CSL Research Recently, President Muhammadu Buhari signed the 2021 appropriation bill of N13.59tn into law alongside the Finance Bill 2020 to run concurrently. According to the Budget Office of the Federation, the annual budget tagged “Budget of Economic Recovery and Resilience” is expected to reposition […]
OPINION/EDITORIAL
Naira crawling peg?
January 4, 2021/Coronation Research The Central Bank of Nigeria (CBN) follows a managed exchange rate policy, but is it moving towards a crawling peg? Last year saw several changes in the CBN’s official rate, and smaller (though significant) changes in Naira exchange rates quoted by FMDQ, Nigeria’s over-the-counter (OTC) exchange. […]
What happens to the African Energy Industry if Western Lenders cut off Loans for Fossil Fuel Projects?
A little more than a year ago, in November 2019, the European Investment Bank (EIB) declared its intention to phase out funding for fossil fuels January 1, 2021/AEC By NJ Ayuk, Executive Chairman, African Energy Chamber (http://EnergyChamber.org) A little more than a year ago, in November 2019, the European Investment […]

