May 22, 2017/Reuters By Oludare Mayowa | LAGOS May 22 Nigeria’s central bank plans to sell $100 million at a special wholesale spot and forwards auction on Monday as it tries to improve dollar liquidity and ease pressure on the naira. Africa’s largest economy, grappling with a currency crisis brought […]
Updates
Stocks Close Lower on Profit-Taking after Four Straight Sessions of Gains
May 22, 2017/Cordros Report Click here to download full PDF Report EQUITIES The market closed lower, owing to profit-taking (following four straight sessions of gains) in banking and consumer goods stocks. The All Share Index shed 0.12% to close at 28,078.30 points. Today’s performance reduced the Month-to-Date and Year-to-Date gain […]
IMF Discussed State-Contingent Debt Instruments
May 22, 2017/IMF On April 13, 2017, the Executive Board of the International Monetary Fund (IMF) discussed the staff paper “State-contingent Debt Instruments for Sovereigns”. Sovereign state-contingent debt instruments (SCDIs), such as GDP-linked bonds, as a countercyclical and risk-sharing tool remain appealing. Yet, take-up of such instruments has been limited. […]
