NIGERIA RAISES FRESH US$4.0BN THROUGH EUROBONDS – 22 September 2021
The Debt Management Office (DMO) concluded the book-building process for its triple-tranche Eurobonds offer, after two days of virtual meetings with investors across the world. Investors’ participation was quite remarkable with bids received from both…
CBN maintains Benchmark Rate at 11.50% – 17 September 2021
The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) concluded its fifth monetary policy meeting of 2021 today, maintaining all key rates. Please see below, a summary of the committee’s decisions. - Retain MPR at…
INFLATION WATCH – AUGUST 2021
Nigeria’s Headline Inflation Figures: Recovery Momentum The annual inflation rate in Nigeria eased for the fifth straight month, down to 17.01% in August 2021 (from 17.38%, the previous month), and matching Bloomberg consensus estimate of 17.00%. It is…
Nigeria’s GDP for Q2 2021 expanded by +5.01% year-on-year
Data released by the National Bureau of Statistics (NBS) show that the Nigerian economy expanded for the third consecutive quarter, growing at its fastest pace since Q4 2014. The Nation’s Gross Domestic Product (GDP) grew by 5.01% year-on-year in Q2…
INFLATION WATCH – JULY 2021
Nigeria’s Headline Inflation Figures: Sustained downward Trajectory Nigeria’s headline inflation fell for the fourth consecutive month, down 37bps Y-o-Y to 17.38% (from 17.75% in June’21). The inflation rate came in 12bps lower than the Bloomberg…
CBN maintains Benchmark Rate at 11.50%, bans sale of Forex to BDCs– 27 July 2021
The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) concluded its fourth monetary policy meeting of 2021 today, maintaining all key rates.
INFLATION WATCH – JUNE 2021
A Persistent decline in Nigeria’s Headline Inflation Figures The Consumer Price Index (CPI) report for June which was released today, shows that Nigeria’s headline inflation moderated for the third consecutive month, down 18bps Y-o-Y to 17.75%…
FGN BONDS ISSUANCE CALENDAR FOR THE THIRD QUARTER, 2021
The Debt Management Office (DMO) released the Federal Government of Nigeria (FGN) bond issuance calendar for third quarter of 2021, with total amount on offer of ca ₦540billion, ca +20% higher than ₦450billion offered in Q2 2021. The calendar indicated…
Nigerian Senate approves supplementary budget – 07 July 2021
The Nigerian Senate on 07 July 2021, approved the Federal Government’s request to borrow ca $6.1 billion (₦2.343 trillion) from Multilateral and Bilateral tenders as well as the international Capital Market. This borrowing, which was already approved in…
