May 5, 2023/DMO Following media reports on Nigeria’s debt to the World Bank, the Debt Management Office (DMO) wishes to clarify to the general public that Loans from the World Bank come from the International Development Association (IDA) and the International Bank for Reconstruction and Development (IBRD). According to the […]
Updates
FAQs on the Securitization of the N22.7trn Naira Ways and Means Advances at the CBN
May 5, 2023/DMO Terms Tenor: Forty (40) years Moratorium (on Principal only): Three (3) years Interest Rate: 9% p.a. Repayment: Amortizing over thirty-seven (37) years Holder of the Securities The Securities will be issued to the Central Bank of Nigeria (CBN) by the Federal Government of Nigeria (FGN). The Securities […]
Uptick in Drivers of March 2023 Headline Inflation
May 5, 2023/FBNQuest Today, we take a closer look at the drivers of March’s headline inflation reading, following our initial commentary on the headline reading last month. We see that headline inflation climbed by 13bps to 22.04% y/y in March, after a modest rise of 9bps to 21.91% y/y in […]
