October 19, 2022/Hill+Knowlton Strategies In February 2021, Shareholders at aerospace company, Boeing, filed a lawsuit against the company’s Board of Directors, arguing that the Board had failed in its oversight duty by not holding Boeing accountable for safety before and after the crashes of two Boeing 737 MAX airplanes that […]
OPINION/EDITORIAL
FGN’s Borrowing Cost Jumps, 2032 Bond Hits 15% at Primary Market Auction
October 19, 2022/CSL Research The prevailing fiscal constraint has continued to mount pressure on the Federal Government to borrow at higher costs. Against the backdrop of persistent rise in inflation (20.77% as at September), hawkish monetary policy stance of the Central Bank (MPR at 15.5%), and worsened debt service to […]
Another Challenging Bond Auction for the DMO
October 18, 2022/Coronation Research Coronation Economic Note The DMO held its monthly auction of FGN bonds on Monday. It offered N225bn but raised N107.9bn, through re-openings of the 14.55% FGN APR 2029, 12.50% FGN APR 2032 and 16.25% 2037 FGN bonds. The participation level (demand) at this auction is the […]
