Nigeria recorded significant increase in capital importation via foreign portfolio investors (FPI) in the investors’ and exporters’ forex window (I&E window) in January 2019, the FSDH Merchant Bank Limited has revealed. In fact, FPI contribution in January stood at US$1.32 billion in January, accounting for 51.34 per cent of total inflows, the highest contribution since […]
Read More 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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FSDH Merchant Bank analysts have projected that the Central Bank of Nigeria, CBN, will tighten monetary policy in the fourth quarter of the year by increasing the Cash Reserve Requirements, CRR, of banks. Head of Research, FSDH Merchant Bank, Mr. Ayo Akinwunmi disclosed this at a media presentation of the bank’s monthly economic, financial and […]
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The depreciation of the naira in the parallel market and the Investors and Exporters (I&E) window last week is expected to persist this week, even as the nation’s external reserves maintained its downward trend falling by $955 million in the first ten days of October. Last week the naira depreciated by ₦1 in the parallel […]
Read More Financial analysts at FSDH Research, an arm of FSDH Merchant Bank Limited, have said the issuance of commercial papers by firms in the country will increase in the second half of the year. A commercial paper is an unsecured, short-term debt instrument issued by a corporation, typically for the financing of accounts receivable, inventories and […]
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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 […]
Read More Research analysts at FSDH Merchant Bank Limited have forecasted a marginal decline in the headline inflation rate for the month of October 2017 to 15.91 percent against 15.98 percent recorded in preceding month. This is against the backdrop of slow increase in the prices of food and non-food items recorded in the month of October. […]
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