September 8, 2021/Proshare by FBNQuest Research                                                                                                                                                                            We see from CBN data that gross official reserves increased by USD610m to USD34.02bn in August. For a more accurate picture, we should adjust this gross figure for the pipeline of delayed external payments, which are estimated at +/- USD3bn. Total reported […]

September 8, 2021/United Capital Research The Central Bank of Nigeria (CBN) is scheduled to conduct a Primary Market Auction (PMA) to rollover N138.2bn worth of maturing treasury bills today (8/09/2021). Clearly, following the upward pressure on interest rates in the first half of the year, sovereign debt managers have leaned […]

September 8, 2021/NGX Nigerian National Petroleum Corporation (NNPC) has expressed its willingness to collaborate with Nigerian Exchange (NGX) Limited on financing options in the near term. This was indicated during a courtesy visit from the Management of NGX to NNPC led by the Chairman, NGX, Mr. Abubakar Balarabe Mahmoud, SAN, OON on Tuesday, 7 […]