(PHOTO: CORY HANCOCK/IMF PHOTOS) December 23, 2021/IMFBlog The arc of 2021, from tentative recovery to resurgent uncertainty, may feel like more of a circle for many around the world who are understandably weary of the pandemic and eager for a return to normal. But to monetary and fiscal policymakers—who could […]
Updates
House of Reps Pass 2022 Budget
December 22, 2021/CSL Research Recently, the House of Representatives passed the 2022 appropriation bill, raising the total estimates of the Federal Government’s budget from the proposed N16.39trn to over N17trn. The House also increased the oil benchmark to US$62 compared with the US$57 that was proposed by the executive, while […]
Coronation Fixed Income and Exchange Rate Update
December 22, 2021/Coronation Research Summary Opening market liquidity was reported at N119.9bn on Friday (17 December ‘21). Overnight and repo rates closed within a range of 11.3-15.0%. Last week, the average NTB yield declined by -2bps w/w to close at 4.5%. This is due to slowdown in investment activities as […]
