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 […]

September 2022 Inflation Report – Inflation Continues To Hover At Lofty Levels

October 18, 2022/InvestmentOne Report Please click to download our September 2022 Inflation Update Nigeria’s inflation figures continue to hover at lofty levels as soaring consumer prices further shrank the incomes of households and businesses amid tough economic conditions. According to the latest Consumer Price Index (CPI) report by the National […]