DMO auctions N225bn FGN bonds at N1, 000 per unit
The Debt Management Office (DMO) has offered three new Federal Government of Nigeria (FGN) bonds valued at N225 billion for…
Central banks will continue to diversify reserves even as yields rise
Central banks will continue to diversify their reserves even as yields on traditional reserve assets are set to rise. Reserve…
Reserve managers eye operational role for CBDCs in reserve management
There is a growing expectation that central bank digital currencies (CBDCs) will impact central bank reserve management. Increasingly reserve managers…
Nigeria’s debt to hit 44.7% of GDP in 5 years — IMF
The International Monetary Fund (IMF) has projected that Nigeria’s total public debt will rise steadily to 44.2 per cent of…
Why Nigeria won’t float naira – Emefiele
The Central Bank of Nigeria (CBN) has foreclosed the possibility of adopting a clean float foreign exchange management approach as…
IMF raises Nigeria’s 2022 growth forecast from 2.7% to 3.4%
The International Monetary Fund (IMF) has projected the Nigerian economy to grow by 3.4 per cent in 2022, up from…
Afreximbank records strong growth despite challenging operating environment
African Export-Import Bank (Afreximbank) has released the consolidated financial statements for the year ended 31 December 2021. The Group’s results…
PFAs invest N74.54bn in infrastructure as investors eye pension funds
Pension Fund Administrators (PFAs) invested N74.54bn in infrastructure from the N13.76tn under the Contributory Pension Scheme as of the end…
SEC reiterates commitment to market development through technology
The Securities and Exchange Commission (SEC) has restated its commitment to ensuring that the nation’s capital market attains its full…
Nigeria’s inflation rate hits 15.92% — highest level since October 2021
The consumer price index, which measures the rate of increase in the price of goods and services, climbed to 15.92…