Culled—Proshare September 25, 2020 By FBNQuest Research At this month’s FGN bond auction, the DMO offered N145bn across the four re-issues, raised N104bn (US$270m) and attracted a total bid of N360bn. The marginal rates were between 70bps and 96bps lower than in August. The total bid was swollen by a […]
OPINION/EDITORIAL
IMF Weekend Read: Communism, Carbon and COVID-19
September 25, 2020/IMF COMMUNISM, CARBON AND COVID-19 “I vividly remember getting up at 4 o’clock in the morning, queueing up to buy milk for my daughter,” said Managing Director Kristalina Georgieva in a new Oxfam podcast. “I also vividly remember my mother losing her life-long savings to hyperinflation.” How worried should […]
Will a Zambian default risk worsen credit risk premium for SSA issuers?
September 25, 2020/United Capital Report A few days ago, the republic of Zambia became the first country in Africa to default on a debt in the wake of COVID-19. This was as the country’s ministry of finance announced a consent of solicitation to suspend interest payment (worth $120.0mn) on its […]
