October 6, 2020/Coronation Report A year ago this month the Central Bank of Nigeria (CBN) banned most domestic institutions from buying new issues of its open market operation (OMO) bills. The result was an exodus of money from the OMO market into government bills and bonds, which has driven down […]
OPINION/EDITORIAL
A Stable But Inadequate FAAC Payout
Culled—Proshare October 6, 2020 by FBNQuest Research The gross monthly payout by the Federation Account Allocation Committee (FAAC) to the three government tiers and eligible agencies was N682bn (US$1.77bn) in September (from August revenue). This was an increase of N6bn on the previous month. From the limited coverage in the […]
Macro: Jump in COVID-19 Cases and Crude Supply Drag Prices Down
October 6, 2020/InvestmentOne Report Please click to view the September 2020 Macro & Markets Update · In the month of September, oil prices came under pressure as COVID-19 cases jumped in Europe, threatening oil demand further. In the same vein, continuous drag in negotiation for another relief package in the […]
