Nigeria's leading finance and market intelligence news report.

In Nigeria, weary investors, savers subsidise inefficient government

Something uncommon happened last Wednesday. At least that is how anyone who has not been following Nigeria’s financial markets recently would interpret it. Investors fell over one another to lend to the government at a rate that was materially lower than inflation, which essentially means paying the government to borrow money from them. The stop…

Join now and gain unrivalled access to expert insights and analysis behind the story for just N1000/month

Get real time updates directly on you device, subscribe now.

Comments are closed, but trackbacks and pingbacks are open.