Market Review: The Debt Market and Nigeria's Economic Stability
This edition of the "Market Review" features Mr. Oladipo Ajayi, Head of Fixed Income Desk, Chapel Hill Denham as he speaks on "The Debt Market and Nigeria's Economic Sustainability".
According to him for the remaining half of the year 2021 bond yields will trade around 12% to 13%, as activities in the Eurobond market will boost liquidity in the fixed income market.
On the planned Eurobond issuance, he called on the Nigerian government to take proactive steps in leveraging the global debt market.
This is due to the rising tide of inflation in the United States and a possible Federal Reserve rate hike. One area of concern for him was the cost of servicing debt, which he urged the fiscal policy authorities to address frontally through the deepening of the nation's revenue-generating capacity.