Summary Ahead of the November inflation print, we anticipate the disinflationary trend to persist, albeit at a relatively slower pace, with headline inflation projected to ease to 14.30% y/y from 16.05% y/y in October. However, on a month-on-month (m/m) basis, we expect a slight uptick to 1.09%, reflecting persistent cost […]
Updates
Nigeria’s rising debt burden, still a Threat to Fiscal Stability
December 12, 2025/CSL Update According to the data from the National Bureau of Statistics (NBS), Nigeria’s domestic debt stock rose to ₦80.6 trillion in Q2 2025, up from ₦78.8 trillion in Q1, an increase of 2.0% quarter-on-quarter (q/q). This also represents a 13.0% year-on-year (y/y) rise from ₦71.2 trillion recorded […]
Global Standard-Setting Bodies Publish Assessment of Margin Requirements for Non-Centrally Cleared Derivatives
December 12, 2025/IOSCO The Basel Committee on Banking Supervision (BCBS) and the International Organization of Securities Commissions (IOSCO) today published a report that reviews the implementation of margin requirements for non-centrally cleared derivatives. The report concludes that the framework has been effectively implemented and finds no evidence of material issues. […]
