May 6, 2021
  • May 6, 2021

Nigeria to spend $2.5 bln loan on roads, airport rehab -debt office

by on November 8, 2017 0

The plans of the Federal Government of Nigeria to source USD5.5 billion funds from the International Financial Markets comprises of two components: USD2.5 billion new borrowing and USD3 billion for refinancing of existing Domestic Debt. New Projects Capital Raising The first component of USD2.5 billion, represents new external borrowing provided for in the 2017...

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Nigerian Pension Industry: When “Big” is not enough – United Capital

by on November 8, 2017 0

The National Pension Commission (“PenCom”) recently published the pension asset and membership data for Q3-17.  Pencom reported a total pension asset of 7.1 trillion naira which Retirement Savings Accounts (RSA) accounting for 67.6 percent of the total assets.  The RSA membership data shows a total of 7.7 million active members, 70.8 percent of whom are...

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October 2017 PMI: Yet another signal of positive Q3 GDP -United Capital

by on November 3, 2017 0

The CBN published its Purchasing Managers’ Index (PMI) survey for October earlier, indicating an expansion in both the Non-Manufacturing and Manufacturing PMI for the 6th and 7th consecutive months.  However, the Manufacturing PMI slowed to 55 points compared to the previous month’s 55.3pts while the Non-Manufacturing PMI expanded further to 55.3pts (previously 54.9 points),...

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How Nigerian corporates are dealing with financing pressure – United Capital

by on October 19, 2017 0

The recent economic recession in Nigeria was evident in the severe pressure on corporate performances.  A combination of weaker revenue, higher production cost, bloated finance expenses and unbearable impairment losses hammered profit margins across sectors.  To restore positive GDP growth via expansive fiscal response, the federal government embarked on a broad-based borrowing scheme driving...

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