CBN Sells N756bn Treasury Bills – Afrinvest
The Central Bank of Nigeria (CBN) sold Treasury bills worth N756bn last week following a subscription at its primary auction.
The apex bank offered N530bn across 91-day, 182-day, and 364-day maturities, with oversubscription primarily driven by long-dated bills.
Out of...
Inflation may Drop to 34.5% in December – Report
Nigeria’s headline inflation rate may drop by 25 basis points to 34.5 per cent in December 2024.
In a report by Afrinvest Research on Saturday, this moderation is attributed to the high base year impact on the...
CBN Loans N3tn to Banks in One Week – Afrinvest
Nigerian banks and discount houses borrowed N3tn from the Central Bank of Nigeria through the Standing Lending Facility within a week, according to a report by Afrinvest Research.
The lenders and discount houses, however, deposited N493.6bn...
FG Anticipates N6tn Domestic Loan to Address Budget Shortfall – Report
Nigeria is projected to depend heavily on N6tn in domestic borrowing to address budget shortfalls.
According to a recent report by Afrinvest, titled ‘Bank Recapitalisation: Catalyst for a $1tn Economy’, the government is anticipated to...
Public Debt Stock May Hit N130tn by Dec – Report
Nigeria’s public debt stock is projected to hit N130tn this year, raising concerns about the country’s debt-to-gross domestic product ratio.
This was revealed in a report by Afrinvest, an investment management company, titled, ‘Bank Recapitalisation, Catalyst...
