September 11, 2023/FBNQuest The CBN’s data shows that Nigeria’s gross official reserves increased marginally by around USD2m at the end of Aug ’23. The modest accretion is the first since Jul ’22, when the gross official reserves rose by USD64m. As shown by our chart, the trend has been downward. […]
Updates
Scaling debt-for-climate swaps to finance Climate Action
At the event organized by Africatalyst and Open Society Foundations, top African experts call for more innovation, partnerships and government reforms to unlock billions in climate finance September 11, 2023/AfriCatalyst With Africa requiring over $300 billion annually for climate adaptation, policymakers and government officials meeting at a high-level event on […]
Coronation Fixed Income and Exchange Rate (CFEX) Update
September 11, 2023/Coronation Research Summary Opening market liquidity was reported at -N73.4bn on Friday (08 September ‘23). Call, overnight, and repo rates closed within a range of 4% – 19% as rates in the money market tightened. This week, we expect rates in the money market to remain elevated as […]
