FBNQuest to businesses: Explore commercial papers, bonds for stable funding

FBNQuest to businesses: Explore commercial papers, bonds for stable funding

FBNQuest to businesses: Explore commercial papers, bonds for stable funding FBNQuest Merchant Bank, the investment banking and asset management group of FBN Holdings Plc, is recommending commercial papers and bonds to corporate issuers seeking to raise working capital, expansion capital, refinance expensive debt and better match their cash obligations with revenues. Speaking at the latest edition of the “Leading Conversations with FBNQuest” webinar series, Oluseun Olatidoye, Head Capital Markets, FBNQuest, noted that many companies do not take advantage of Nigeria’s growing commercial paper and bond market to access stable funds that match…

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FBNQuest Capital Nigeria 2021 Research Outlook: Tentative Emergence from the Shadow of COVID-19

MPC meeting

  FBNQuest Capital Nigeria 2021 Research Outlook: Tentative Emergence from the Shadow of COVID-19 By FBNQuest Capital Global recovery via millions and millions of arms The Federal Reserve has its policy rate at practically zero and will maintain its accommodative stance this year since its employment and inflation objectives are distant following the virus’s impact. The world economy will recover following the development of the vaccine. We believe this process in G7 economies and China will experience the desired impact by the third quarter. With the anticipated recovery in demand,…

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Nigerian venture plans to raise N480bn for power gap

installation of 100kWp power plant

A Nigerian venture plans to raise N480 billion ($1.2 billion) over the next three years to buy electricity meters and help power distributors plug a revenue gap in Africa’s most populous nation. Less than a 10th of Nigeria’s 41 million households have their electricity consumption metered and half of those are faulty, according to PricewaterhouseCoopers. As a result, distribution companies have to estimate bills, resulting in disputes that delay payments. According to Bloomberg News, Meter Assets Finance and Management Co. hopes to end that by raising funds to purchase and…

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Evolution Not Revolution in FX Thinking

MPC meeting

By FBNQuest Analysts Our simple chart is almost symmetrical and neatly conveys the recurring challenges at the heart of exchange-rate policy. Between June 2017 and February 2020 fx was freely available. The differential between the official/interbank rate and that at the bureaux de change was constant. Up to May 2017 and since March this year, fx has been in short supply and the spread considerably wider. The turbulence either side of the period of calm reflects pressure on the balance-of-payments and reserves. As the sequence of events has repeated itself…

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