The anticipated hike in interest rate by the Federal Open Market Committee (FOMC) of the United State Federal Reserve is expected to have a negative impact on foreign capital inflows into Nigeria as well as on foreign exchange (FX) rate. Owing to this, analysts at FSDH Merchant Bank have advised companies in Nigeria to limit […]
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FSDH Research, an arm of FSDH Merchant Bank Limited, says Nigerian’s economy has the potential to perform better than what the International Monetary Fund predicted. It added that for the country to realise its full potential, issues such as security of lives and property, infrastructure, rule of law, and the diversification of revenue and the […]
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Analysts at FSDH Merchant Bank Limited have said that Nigeria cannot afford another level of devaluation of the currency, saying this will worsen the nation’s debt position. The total public debt increased to ₦22.71 trillion in the first quarter of 2018 from ₦12.60 trillion in the fourth quarter of 2015, according to the Debt Management […]
Read More FSDH Merchant Bank has projected that the federal government will borrow up to ₦2 trillion to finance its budget in 2018, describing the nation’s debt service-to-revenue ratio, which rose to 79 percent in first quarter 2018, Q1’18, as very high and unsustainable. The bank also warned that the country cannot afford another level of naira […]
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