September 8, 2022/FBNQuest Research The CBN’s monthly economic report for May ‘22 shows that the federal government of Nigeria’s (FGN) fiscal operations resulted in a smaller fiscal deficit of -NGN524bn in May compared with -NGN643bn the previous month. The deficit was also slightly below the -NGN570bn recorded in the year-earlier […]
OPINION/EDITORIAL
Stop Rates at NT-Bills PMA Climb Higher – 364-Day Paper Up by 150Bps into Double-Digits
September 8, 2022/United Capital Research Yesterday, the Central Bank of Nigeria conducted its first NT-bills auction for September at the primary market. The CBN offered a total of N214.7bn worth of bills at the auction across the 91-day, 182-day and 364-day papers. The auction was met with mild investor demand, […]
MTEF and the Suspension of 5% Telecoms Tax
September 7, 2022/CSL Research Based on a ThisDay news report, the Federal Government has suspended the implementation of the proposed 5% telecommunications tax. This was disclosed by the Minister of Communications and Digital Economy, Isa Pantami, during the inaugural meeting of the presidential committee on excise duty for the digital […]
