Monthly Archives: March 2020

Avoiding 2016: What Nigeria should do to fight the coming economic storm

Often, I try to write in a manner that is neutral wherein I stack up facts to lead to an outcome. Today, I will be breaking that rule to act as active participant in this piece. Nigeria faces a crisis and our policy makers must make bold decisions some of which will be bitter. This […]

Nigeria Fixed Income Weekly

The week that was: (March 2-6): Interest rates climb in response to softer oil prices Bond yields sell-off in response to weaker oil price: System liquidity improved slightly after the CRR rebates of NGN200billion after the NGN700billion debits in the prior week. This helped push OBB/OVN rates lower to 11.7/12.9%. However, the NGN yield curve […]

Nigeria Fixed Income Weekly

The week that was: (Feb 24-28): Interest rates grind lower on higher liquidity, In-line GDP growth numbers and FX pressures Interest rates decline further on robust system liquidity, but late CRR debits on Friday: Though financial conditions were relatively loose this week with strong inflows from OMO maturities (NGN928billion) and FAAC disbursements (NGN356billion), CRR debits […]