May 11, 2023/United Capital Yesterday, the Central Bank of Nigeria (CBN) conducted its first NT-bills auction for May-2023 at the primary market. The CBN offered a total of N143.98bn bills across the 91-day, 182-day and 364-day papers. At the auction, investors’ demand was strong, with total subscriptions printing at N820.8bn, […]

May 10, 2023/CSL Research According to the Debt Management Office, Nigeria’s public debt stock stood at N46.25 trillion (US$103.1 billion) as of December 31, 2022; when the N22.7 trillion to be securitized is included, total public debt climbs to N77.8 trillion. Nigeria’s external debt has continued to climb, despite shrinking […]

May 10, 2023/United Capital Nigeria’s crude output has remained sub-optimal, growing by a CAGR of -7.1% in the last five years (as of FY-2022). The Organisation of Petroleum Exporting Countries (OPEC), in its Apr-2023 Monthly Oil Market Report, revealed a reduction in the country’s crude oil output (excl. condensates) for […]