July 26, 2022/United Capital Research The Budget Office of the Federation of Nigeria released the draft for the 2023 – 2025 Medium Term Expenditure Framework/Fiscal Strategy Paper (MTEF/FSP), laying out proposed budget estimates for the next three years. The medium-term projections differ from those in the National Development Plan 2021 […]
OPINION/EDITORIAL
One-off Event in May Magnifies Decline in Activity Level in June
July 25, 2022/CSL Research The Nigerian equities market witnessed bearish sentiments in the month of June as the AllShare Index (ASI) lost 3.4%, the second monthly loss in H1 2022. This pushed the ytd gain to 21.3% in June from 25.6% in May. In same vein, the total value traded […]
Fiscal Policy 4M-22: What to Expect as Debt Service Exceeds Aggregate Revenue
July 25, 2022/Cordros Report The Ministry of Finance released the 4M-22 fiscal performance report during the recently concluded public presentation on the 2023-2025 Medium Term Expenditure Framework (MTEF). One of the key takeaways from the report is the FGN’s aggregate revenue inability to cover debt service obligations, with the debt […]
