July 3, 2023/Coronation Research The latest gross monthly distribution for the Federation Account Allocation Committee (FAAC) to the three tiers of government and public agencies amounted to N786.2bn in June ’23 (from May revenue). This marks an increase of 19.8% or N130.3bn from the previous payout largely due to an […]
OPINION/EDITORIAL
Inflation Peaked But Risks Remain for Emerging Markets
July 2, 2023/Source: S&P Global Ratings Credit conditions in emerging markets (EMs) show some improvement as inflation cools down, but economic activity is weakening, and the lagged effects of tight monetary policy are surfacing, according to S&P Global Ratings’ report published, “Credit Conditions Emerging Markets Q3 2023: Inflation Peaked, Risks […]
The Rapid Rise of Public Debt
June 30, 2023/FBNQuest Today, we turn our attention to the latest quarterly data on Nigeria’s debt stock published by the Debt Management Office (DMO). The data shows that Nigeria’s total public debt increased by c.8% q/q to NGN49.9trn (USD66.1bn) as at Q1 ‘23. On a y/y basis, the total debt […]
