Nigeria was included in JPM organ’s Government Bond Index-Emerging Markets (GBI-EM) index series for local currency government bonds with effect from October 2012, with a 1.5% weighting, and was removed from it in September/October 2015. The inclusion followed the removal of the one-year lock-in period for foreign investors in government bonds...
Given the difficulties experienced by Nigeria’s economy in 2016, every sector grappled with challenges, and capital markets were no exception. From external pressures such as low oil prices and US interest rate shifts, to internal factors such as depreciation and slowing oil production, investors in Nigeria had to account for a range of risks...
Nigeria’s inclusion in JPM organ’s emerging markets bond indices for eurobonds is not affected by its exclusion from the index series for Federal Government of Nigeria (FGN) bonds, and with good reason. Eurobonds are broadly traded on the sovereign’s external balance sheet, whereas the FGN exclusion was driven by the Central Bank of Nigeria’s...
After three consecutive years of losses the All-Share Index (ASI) accomplished a marked recovery in the second half of 2017. As of August 2017 the ASI had gained 37.9% year to date (YTD), compared with a 2.9% YTD loss for the same period in 2016, and a 6.2% loss over the course of 2016. Despite the double-digit YTD gain, the market had still...
How would future US Federal Reserve interest rate rises impact trading activity in Nigeria?
Which steps are being taken to increase the volume of foreign portfolio investment (FPI) in Nigeria?
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