In our H1 18 Nigeria Strategy Report, we projected a blow in FX outflows that will impulse the CBN to step up its intervention across FX markets. Our projection was…
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FG’s debt stock rose 5.03% QoQ to N18 trillion over Q1 2018 with domestic debt accounting for 70% of total debt. The increase in debt stock over Q1 was largely…
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PUNCH At last, National Assembly passes N9.12tn budget…lawmakers increase NASS budget to N139.5bn The National Assembly eventually passed the 2018 budget on Wednesday, six months after President Muhammadu Buhari…
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SUMMARY Global Market This week, the Federal Open Market Committee (FOMC) held its monetary policy meeting leaving its policy rate unchanged at 1.75%. Elsewhere, the dollar marked a fresh…
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THISDAY N’Assembly to Transmit Not-Too-Young-To-Run Bill, 11 Others for Presidential Assent The National Assembly has resolved to transmit the Not-Too-Young-To-Run bill and 11 other Constitution Alteration bills which have satisfied…
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PUNCH FAAC meeting ends in deadlock over NNPC’s N37bn underpayment The Federation Accounts Allocation Committee meeting, which was convened on Tuesday to consider and approve the statutory allocation for February,…
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PUNCH National Assembly to pass 2018 budget April 24 The Senate and the House of Representatives have taken a decision to pass the 2018 budget on April 24. MAN seeks…
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PUNCH Consumers to pay more for cigarettes, alcohol …as FG raises excise duties The Federal Government has approved an amendment to the excise duty rates for alcoholic beverages and tobacco…
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PUNCH Petrol demand hits 50 million litres daily, NNPC incurs N24bn monthly as subsidy The Nigerian National Petroleum Corporation on Sunday announced that it was spending N774m daily (about N23.99bn…
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PUNCH Manufacturing index hit 56.3 points in February – CBN The Central Bank of Nigeria’s manufacturing Purchasing Managers’ Index hit 56.3 index points in February, the CBN’s PMI survey report…
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