Monthly Archives: March 2021
Nigeria Fixed Income Weekly
The week that was (March 22 – March 26, 2021) Another ‘HODL’ by the CBN, an overallotment at the monthly bond auction and a recovery in FX reserves as we wind down on what has been an eventful Q1 2021. March 2021 MPC: A pause before tightening? At the second MPC meeting of the year, […]
Nigeria Fixed Income Weekly
The weeks that were (March 5-March 19, 2021) After the sell-off at the long end in recent times, action has been on the front end of the curve where interest rates have climbed recently. On the macroeconomic front, data releases have been mixed with inflation continuing its upward climb while unemployment surged to record highs. […]
Revisiting Nigeria’s petrol price/subsidy dilemma
I wrote this originally in 2011 as entry for an essay competition titled “Strategies for Taking the Benefits of Oil Subsidy to the Highest Number of Nigerians“. I never heard back from the organizers but as I was looking for material on an article I’m working about the current fuel price dilemma, my mind wandered […]
Nigeria Fixed Income Weekly
The weeks that were (February 15-March 5) Apologies for the three-week hiatus, but back to regular programming. In between yields continued to move higher, in line with global bond yields sell-off, on concerns over higher fiscal issuance. But my suspicion is that more fundamental factors could start to re-assert themselves on market movements. Forced […]
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