Tag: comercio partners
Naira Outlook: CBN working on gradual unification of exchange rates
No doubt Nigeria's currency has come under pressure in recent months; the Central Bank of Nigeria says it is working towards the gradual unification of exchange rates. But what does the CBN's recent move in asking lenders to bid for dollars at 5 per cent above the official rate mean for the markets going forward? Victor Aluyi, Head of Portfolio Management at Comercio Partners joins CNBC Africa for more.
Central Bank of Nigeria obtains exemption for money markets ahead of COVID-19 lockdown
The Central Bank of Nigeria says it has obtained exemptions from the President to allow very skeletal operations in the financial system and money markets in order to keep the system in light operations during the lockdown in Lagos Abuja and Ogun states. Ahead of the lockdown tonight, Nnamdi Nwizu, Co-Managing Partner at Comercio Partners joins CNBC Africa for a focus on Nigeria’s fixed income and Forex market.
These are the main economic drivers behind Nigeria’s 2.27% growth in 2019
Nigeria’s economy grew 2.27 in 2019 compared to the 1.91 per cent growth rate recorded in 2018. That’s according to data from the National Bureau of Statistics. Steve Osho, Co-Managing Partner at Comercio Partners joins CNBC Africa to unpack Nigeria’s 2019 GDP report.
CBN introduces 5-year naira contracts for the first time
Steve Osho, Co-Managing Partner at Comercio Partners joins CNBC Africa to discuss the impact of the newly introduced 5-year naira contracts by the Central Bank of Nigeria (CBN).
Reviewing Nigeria’s debt strategy
The Director-General of Nigeria’s Debt Management Office, Patience Oniha says Nigeria plans to talk to concessionary lenders for about $2.8 billion external borrowings for the 2020 budget. Nnamdi Nwizu, Co-Managing Partner at Comercio Partners joins CNBC Africa for more on some of the plans raised.
Moody’s: Nigeria’s debt affordability will remain weak
Research institute, Moody’s, says Nigeria’s debt affordability will remain weak and the country’s revenue is expected to remain low at around 8 per cent of Gross domestic product (GDP) until 2022. Meanwhile, oil producer club, Organization of the Petroleum Exporting Countries (OPEC) and its allies have agreed to an additional 500,000 barrel supply cut beginning from the first of January. Victor Aluyi, Head of Portfolio Management at Comercio Partners joins CNBC Africa for more.
CBN: Corporates should take advantage of infrastructure bonds
Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele says corporate bodies in the country should take advantage of the Presidential Order 7 to raise infrastructure bonds at concessionary rates. Nnamdi Nwizu, Co-Managing Partner at Comercio Partners joins CNBC Africa for a focus on Nigeria’s money market.
Nigeria’s FX reserves drops further: A look at Nigerian markets
Nigeria’s FX reserves are down by 6 per cent this year to 40.5 billion dollars. Victor Aluyi, Head of Portfolio Management at Comercio Partners joins CNBC Africa to preview the fixed income and FX markets this week.
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