January 15, 2021/Proshare by FDC Ltd The Central Bank of Nigeria (CBN) devalued the naira by 3.90% to N410.25/$ at the Investors and Exporters window (IEFX) on Thursday December 31st. This is the third exchange rate adjustment in 2020, triggered by the plunge in oil prices, which negatively affected Nigeria’s […]
Updates
FGN to Convert CBN Loans to Tradable Securities as Debt Soars
January 15, 2021/Proshare by FDC Ltd The Federal government has revealed plans to convert its loans from the CBN in 2020 (over N11trn) into formal borrowings by designing “special instruments” that could be repackaged and sold as bonds. The FG had partly financed the N6.1trn deficit for 2020 by “Ways […]
Three Priorities for 2021
January 15, 2021/IMF 📣 Welcome to 2021 and the first Weekend Read of the new year! This will be a consequential year for the global economy, and we want to hear more from you, our readers, on issues covered here and beyond. Keep an eye on this space for periodic […]
