Daily Archives: July 6, 2021

  • CBN funding the government

    In times of recession, and of a budget shortfall, it is only normal to expect a central bank to lend money to its government.  However, in Nigeria, it appears to have become a habit.  And the stock of debt is mounting.  See details below. FX Last week, the exchange rate at the Investors and Exporters …

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Year Ahead-Re-risking the financial system

Year Ahead 2020: Re-risking the financial system

Oil prices: In a global oil market threatened with over-supply, it appears that OPEC, and its ally Russia, are doing a good job of limiting production.