October 31, 2023/FBNQuest Research We see from the Central Bank of Nigeria’s (CBN) most recent Quarterly Statistical Bulletin (QSB) that Nigeria’s current account improved to a surplus of USD2.9bn in Q2 ’23, up from a revised deficit of -USD412.5m in Q1 ’23. The figure represents 2.8% of GDP. A notable […]
OPINION/EDITORIAL
FEC Approves Supplementary Budget of N2.18Tn
October 31, 2023/CSL Research The Federal Executive Council (FEC) has approved the supplementary budget of N2.18 trillion for the year 2023 to fund “urgent issues”. The council granted the approval on Monday during its weekly meeting presided over by President Bola Tinubu. This announcement was made by Senator Abubakar Bagudu, […]
Rand Merchant Bank: African Risk is not Fairly Priced – Governments Should Take Advantage
African banks and investors are desperate for assets and are very comfortable assessing and understanding sub investment grade African risk October 31, 2023/RMB By Miranda Abraham, Head of Loan Syndications at RMB in London Yield-chasing investors have poured money into the continent but an emerging, recent challenge for Africa is […]
