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December 02, 2021

The Two Sides to Public Debt

Nigerian public debt continues to grow at a rapid rate, prompting talk of an overhang. If we look solely at the debt/GDP ratio, Nigeria is in a much better position than its EM peers. The external balance sheet is in a decent shape, which explains why the FGN carried off a successful sale of Eurobonds, raising USD4bn rather than the USD3bn on offer.

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December 02, 2021

Nigeria Covid-19 Update: Weighing the Risks of Omicron

Recent reports of a new coronavirus strain named "Omicron" have coursed through global markets, amid a continuous increase in Covid-19 cases in Europe. First discovered in South Africa, cases have since been recorded in Belgium, Botswana, Israel, and Hong Kong, Nigeria, among others.

154 VIEWS

December 02, 2021

Airtel Africa Plc Completes Airtel Nigeria Minority Buyout Offer

Airtel Africa Plc announces the completion of the minority shareholding buyback of Airtel Networks Limited ('Airtel Nigeria'), a subsidiary of Airtel Africa plc and a leading provider of telecommunication services in Nigeria.

181 VIEWS

December 02, 2021

Omicron Increases Growth Risks and Policymaking Challenges

It is too soon to incorporate the effects of the Omicron coronavirus variant into our economic growth forecasts until more is known about its transmissibility and severity, Fitch Ratings says. We currently believe that another large, synchronized global downturn, such as that seen in 1H20, is highly unlikely but the rise in inflation will complicate macroeconomic responses if the new variant takes hold.

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