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Why FGs borrowing from CBN in 2023 will keep yields in fixed-income market low —Report

If the Federal Government of Nigeria (FGN) continues to prefer borrowing from the Central Bank of Nigeria (CBN) in 2023, yields in the domestic

Oil price shocks test mettle of Nigerian banks

When the coronavirus pandemic crashed global oil prices and sent Nigeria’s currency, the naira, reeling last year, many feared the worst for country’s biggest banks. Nigeria is Africa’s biggest oil producer. It depends on crude for nearly all of its foreign exchange earnings and roughly half its government revenues. As a result, when oil prices…

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