Nairametrics
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
  • Markets
    • Cryptos
    • Commodities
    • Equities
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Industries
    • Company News
    • Consumer Goods
    • Content Partners
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Tech News
  • Economy
    • Get Data
    • Macro-Economic News
    • Research Analysis
  • Business News
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
No Result
View All Result
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
  • Markets
    • Cryptos
    • Commodities
    • Equities
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Industries
    • Company News
    • Consumer Goods
    • Content Partners
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Tech News
  • Economy
    • Get Data
    • Macro-Economic News
    • Research Analysis
  • Business News
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
No Result
View All Result
Nairametrics
No Result
View All Result
Home Business News Politics

Nigeria Bond Issuance May Drop On Buhari’s TSA Order

Editor by Editor
August 12, 2015
in Politics
Nigeria Bond Issuance May Drop On Buhari’s TSA Order
Share on FacebookShare on TwitterShare on Linkedin

RelatedPosts

Airtel reduces debt to parent company by $450 million

How the Nigerian Economy has performed under each President

  • The directive of Nigerian President Muhammadu Buhari to compel government Ministries, Departments and Agencies to maintain the Single Treasury Account (TSA) at the Central Bank, could whittle down the appetite for the issuance of FGN Sovereign bonds, according to bankers and economists.

“On the one hand, there is little question that a TSA will help to reduce the overall level of government borrowing over time.  If all government agencies pool their revenue into a single account, not only is there more transparency, but this should also reduce the amount that needs to be borrowed, because of the balances available to government agencies,” Razia Khan, Managing Director, Chief Economist, Africa Global Research at Standard Chartered Bank, London, said in a response to questions.

“Near term however, lower oil prices and the discovery of substantial arrears will push Nigeria’s borrowing requirement higher.”

  • Nigeria, Africa’s largest crude producer, relies on oil revenues to fund about 70 percent of the Federal Budget and 95 percent of exports income.
  • As the price of oil plunged 50 percent in the past 12 months, the government has had to run a large deficit this year, with revenues getting squeezed.
  • Nigeria’s 2015 budget that proposes to spend N4.358 trillion on recurrent and capital projects has an embedded deficit of N755 billion which will be 75 percent financed by domestic borrowing.

Source: BusiessDay

Related

Tags: BONDSMuhammadu BuhariOil & Gasoil priceTSA

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

inq
avatrade
Stanbic bank
Mega Millions
UBN
Hot forex
Access Bank
Bankers Committee
First bank






    Business News | Stock Market | Money Market | Cryptos | Financial Literacy | SME |

    Recent News

    • MailChimp suspends accounts of crypto-related content creators, media 
    • OPEC says Nigeria’s oil production averaged 1.183mbpd in July 2022
    • NAICOM approves appointment of Valentina Marinho as Non-executive director of Linkage Assurance

    Follow us on social media:

    Recent News

    Intuit to acquire Mailchimp for $12 billion

    MailChimp suspends accounts of crypto-related content creators, media 

    August 11, 2022
    Latest drop in India’s oil import spells bad news for Nigeria’s forex reserves

    OPEC says Nigeria’s oil production averaged 1.183mbpd in July 2022

    August 11, 2022
    • ABOUT US
    • CONTACT US
    • PRODUCTS
    • ANDROID APP
    • iOS APP
    • DISCLAIMER
    • CAREERS
    • PRIVACY POLICY

    © 2022 Nairametrics

    No Result
    View All Result
    • Home
    • Exclusives
      • Financial Analysis
      • Corporate Stories
      • Interviews
      • Investigations
      • Metrics
    • Markets
      • Cryptos
      • Commodities
      • Equities
        • Dividends
        • Stock Market
      • Fixed Income
      • Market Views
      • Securities
    • Industries
      • Company News
      • Consumer Goods
      • Content Partners
      • Corporate deals
      • Corporate Press Releases
      • Energy
      • Entertainment
      • Financial Services
      • Hospitality & Travel
      • Manufacturing
      • Real Estate and Construction
      • Tech News
    • Economy
      • Get Data
      • Macro-Economic News
      • Research Analysis
    • Business News
    • Financial Literacy
      • Career tips
      • Personal Finance
    • Lifestyle
      • Billionaire Watch
      • Profiles
    • Opinions
      • Blurb
      • Op-Eds

    © 2022 Nairametrics

    Social Media Auto Publish Powered By : XYZScripts.com