As Nigeria looks to boost growth in the wake of the Covid-19 pandemic, securing illiquid assets to inject more liquidity into markets offers a ready-to-use solution to unlock the cash to drive domestic investment and new growth. Loan securitization in the country could also release sufficient liquidity to conclusively deal with the financing requirements of …
More →The National Bureau of Statistics (NBS) has released its latest report on capital importation for Q1 ’22. The data was obtained from the CBN and compiled using information on banking transactions from all registered financial institutions in Nigeria. The total value of capital imported in Q1 ‘22 was estimated at USD1.6bn, representing a decline of …
More →The National Bureau of Statistics (NBS) has released its latest report on capital importation for Q1 ’22. The data was obtained from the CBN and compiled using information on banking transactions from all registered financial institutions in Nigeria. The total value of capital imported in Q1 ‘22 was estimated at USD1.6bn, representing a decline of …
More →Nigeria’s economy has posted GDP expansion for four quarters since its last recession recorded in 2020. However, the current growth rate levels are unable to halt the steady decline in incomes and the rise in poverty. Our in-house estimates assume GDP at current market prices as high as pre-pandemic levels (2019). We considered increased vaccination …
More →pening market liquidity was reported at N240.9bn on Friday (27 May ‘22). Overnight and repo rates closed within a range of 12 – 15%. The average NTB yield increased by +14bps w/w to close at 3.8%. At the primary market NTB auction held last week, the CBN offered N153.0bn but allotted N173.5bn worth of NTBs …
More →The latest national accounts released by the National Bureau of Statistics (NBS) show the continuous recovery of the air transport sector from the adverse effects of the COVID19 pandemic. Air transport grew by 50.7% y/y in Q1 ’22 compared to the contraction of – 11.8% recorded in Q1 ’21. This was the second fastest-growing segment …
More →The latest national accounts released by the National Bureau of Statistics (NBS) show that GDP grew by 3.1% y/y in Q1 ‘22 compared with 3.9% y/y in Q4 ’21. This growth can be partly attributed to positive base effects (GDP grew by 0.51% y/y in Q1 ’21) and CBN interventions in key sectors. On a …
More →Dear All, Ten (10) members of the committee were in attendance. Decision (unanimous) Six out of the 11 members voted to; Retain MPR at 13.0% Retain the asymmetric corridor of the MPR at +100 / -700 basis point. Retain CRR at 27.5% Retain liquidity ratio at 30%. The MPC noted that the available data on …
More →The gross monthly distribution by the Federation Account Allocation Committee (FAAC) to the three tiers of government and public agencies amounted to N725.6bn in April (from March revenue). This shows an increase of 4.4% or N30.6bn from the previous payout. Based on data in the local media, we learnt that companies’ income tax (CIT), petroleum …
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This podcast will focus on Nigeria’s fiscal landscape. A review of the performance of the previous year, 2021 and the discussions around the current year, 2022. Given its impact on overall growth and also on the fixed income market, the conversation will provide insights for listeners. Guest –: Taiwo Oyedele – Fiscal Policy Partner and …
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