OPINION/EDITORIAL

Where is the money going?

November 30, 2020/Coronation Report Interest rates have been falling all year and the government is running a deficit. So, is it safe to assume that the government is issuing a lot more Treasury Bills and bonds than before? Not quite. Issuance has risen, but not much, as we explain on […]

How the Rich Get Richer

November 30, 2020/IMFBlog By Davide Malacrino Wealth begets wealth. This simple concept of privilege has added to growing discontent with inequality that has escalated under the shadow of the COVID-19 pandemic. A paper co-authored this year by economists from the IMF and other institutions confirms that wealthier people are more […]

Faltering Increases in Private Sector Credit Expansion

November 30, 2020/Proshare by FBNQuest Research Net domestic credit to the private sector increased by 12.4% y/y to NGN29.06trn at end-October according to the CBN. Its rate of growth has slowed for two successive months, and has actually gone into reverse on a m/m basis. Our own explanation is that […]