Culled—Proshare January 29, 2020 By FDC Ltd With the approval of N10.59 trillion budget for the 2020 fiscal year, the increasing level of Nigeria’s budget deficit raises concerns about the source of its financing and the impact of increased government spending. Nine weeks after the presentation of the appropriation bill […]

January 28, 2020/OilPrice.com         Chart of the Week   –    U.S. oil production is expected to average 13.3 million barrels per day (mb/d) in 2020, an increase of 9 percent from last year, according to the EIA. The agency sees output averaging 13.7 mb/d in 2021.  –   […]

January 28, 2020/InvestmentOne Report On Friday, the Monetary Policy Committee of the CBN held its first meeting in 2020 where it kept the benchmark interest rate at 13.5% and Liquidity rate at 30.0% but increased the Cash Reserve Ratio (CRR) to 27.5% from 22.5%. In our view, we believe this […]