January 15, 2021/Cowry Asset Report The National Bureau of Statistics reported that the headline Inflation rate sustained its uptrend for the 16th consecutive month to 15.75% in December 2020 (from 14.89% printed in November). The increase in inflation rate was caused by continuing pressure on the food and non-food index. […]
Updates
FGN’s External Debt Service Obligations Reached a Total of US$507m in Q3 2020
January 15, 2021/Proshare by FBNQuest Research Debt service on the FGN’s external obligations reached a total of USD507m in Q3 ’20, divided between USD263m and USD244m on market and non-market debt respectively. The market figure was the same as in Q3 ’19 and Q1 ’20 because the FGN has […]
The DMO Unveils Q1 2021 Borrowing Plans, Re-Introduces FGN 2027s Bond Paper
January 15, 2021/Proshare By Zedcrest Capital FGN Bonds The FGN Bonds market traded with mixed sentiments today, with some demand seen on the mid-end of the curve (2027s -2029s) while the long end of the curve remained firmly bearish. Notably, the 2049s bond broke the 9.00% resistance during the trading […]
