March 29, 2024/IMF The Executive Board of the International Monetary Fund (IMF) concluded the Article IV consultation[1] with Algeria on March 27, 2024. The Algerian economy was still emerging from the Covid pandemic when spillovers from Russia’s war in Ukraine and recurrent droughts pushed up inflation, while high international hydrocarbon […]
Updates
Coronation Fixed Income and Exchange Rate Update
March 29, 2024/Coronation Research Summary Opening market liquidity was reported at N79.7bn on Friday (22, March ‘24). Call, overnight, and repo rates closed within a range of 5% – 28% as rates in the money market moderated. Last week, the average NTB yield declined by -91bps to close at 17.7% […]
EAIF commits additional US$30 million to support Indorama’s expansion with third urea plant in Nigeria
March 28, 2024/EAIF The project is expected to position Nigeria as a top 10 global producer and exporter of fertiliser and accelerate the country’s path to industrialisation Deepens partnership between EAIF and Indorama, bringing the Fund’s investment to Indorama to $111 million London, 28 March 2024 — The Emerging Africa Infrastructure […]
