May 20, 2022/OilPrice.com China added some downward pressure to oil prices this week when it clearly signaled its intent to buy more discounted Russian oil. Between China and India, Russia is racing to pivot towards Asia as the EU attempts to ditch its oil. Oilprice Alert: This week’s Global Energy Alert highlights two […]
OPINION/EDITORIAL
Progress towards the DMO’s 2022 funding target
May 20, 2022/Coronation Research The DMO held its monthly auction of FGN bonds on Monday this week. It offered N225bn but raised N378.4bn (USD900m) through re-openings of the 2025, 2032 and 2042 FGN bonds. The DMO secured a total bid of N575.6bn. The successful bids for the 3, 10 and […]
Pre-MPC May 2022: MPC May Raise MPR to Stabilise the External Sector
May 19, 2022/Cordros Report The Monetary Policy Committee (MPC) is expected to hold its third meeting of the year on the 23rd and 24th of May 2022. Suppose the evolution of events in the international and domestic scenes since the last policy meeting is anything to go by, we envisage […]
