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Yakubu Dogara's Excited On Nigeria's Recession Exit

Speaker of the House of Representatives, Yakubu Dogara, has expressed happiness over the latest report released by the National Bureau of Statistics which indicates that Nigeria has finally exited recession. 224 more words

Domestic

July Inflation: Downtrend in inflation now has ‘legs’

Inflation slows down for the sixth month 

Last week, the National Bureau of Statistics (NBS) released the much delayed July 2017 inflation report and for sixth consecutive month, the headline reading declined to 16.05% y/y. 659 more words

Nigerian Economy

#BabaOyoyo? Eww, Nigerians, Eww.

I was having such a great day on Saturday with pretty awesome Port Harcourt people and so didn’t take the time to see what was going on social media regarding the return of Nigeria’s President Muhammadu Buhari aka The Lion King (hmm….’’m’’ufasa>’’m’’uhammadu). 651 more words

Dear Finance Minister, Please drop the refinancing idea

Last week, the Finance Minister, Kemi Adeosun announced that the Federal Executive Council had approved a plan to refinance $3billion (N1.1trillion) worth of Nigerian Treasury Bills with issuance of 3-year dollar bonds. 1,088 more words

Nigerian Economy

Nigeria - Fixed Income Weekly

The week that was (July 17-21) – Yields curve rises on softening system liquidity

  • Despite net OMO bill issuances, NTB yields soften: Despite sustained liquidity tightening as the CBN issued NGN275bn worth of OMO bills to take out NGN97bn in maturities, benchmark Nigerian Treasury Bill (NTB) yields declined: 91-day ( down 510bps), 182-day (down 100bps) and 364-day (down 20bps) to 14.49%, 19.7% and 22.3% respectively.  
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Nigerian Economy

June 2017 Inflation: Headline reading positively surprises, but no respite for bond market bulls

Softer food inflation induces a slowdown in monthly inflation

On Monday, the National Bureau of Statistics (NBS) released the June 2017 inflation numbers and contrary to my call for a sticky number at 16.3% y/y, headline inflation declined for the fifth consecutive month to 16.1% y/y. 792 more words

Nigerian Economy

Muhammadu Buhari, BUHARISM and Nigerian Economy

Buharism is a term rooted in the politics of Nigeria, referring to the economic principles and the political ideology leader of Nigeria headed by General Muhammadu Buhari from 31 December 1983 to 27 August 1985 when he and his deputy were removed in a palace coup. 1,968 more words

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