Capital Market Key To Easing Nigeria’s Negative $85.21bn Net Foreign Liabilities

Capital Market Key To Easing Nigeria’s Negative $85.21bn Net Foreign Liabilities

Author: Africa Business Radio August 27, 2021 Duration: 17:15
News Express
Business
The International Monetary Fund data shows that with the Economic downturn still pounding its economy, Nigeria’s foreign liabilities stood at $187.36 billion while its foreign assets amounted to $102.15 billion as of December 2020, leaving it with a staggering net figure of -$85.21 billion.
But it would seem that to get off this bind, the government needs to begin to look at how to grow and deepen the capital market and see it as a partner for progress rather than just a bunch of private sector profiteers whom it is in competition with.
A robust and sturdy capital market is seen as holding the key to build and retain capital in-country and the Nigerian capital market, estimated at $50 billion in size, needs to grow to $500 billion to help Nigeria post surplus in its net foreign liabilities readings.

Tune into News Express from Africa Business Radio for a clear-eyed look at the forces shaping Nigeria's economy. This isn't just headline scanning; it's a dedicated exploration of the financial sector and markets, delivered with a focus you won't find elsewhere. We go beyond the surface noise of daily news to provide context and analysis, yet avoid the narrow jargon that can make trade publications inaccessible. Each episode distills the essential conversations happening right now in boardrooms and on trading floors. You'll hear informed discussions pinpointing what matters for pivotal areas like Investment Banking, Trading, Technology, and Fund Management, while also tracking movements in Alternatives, Commodities, and major Companies. For anyone with a stake in the region's business landscape, this podcast serves as a vital briefing, connecting the dots between sectors to offer a comprehensive, nuanced picture. News Express is your source for understanding not just what is happening, but why it matters for the future of African commerce.
Author: Language: English Episodes: 100

Official website RSS
News Express
Podcast Episodes
African Banks Maintain Resilience amid Difficulty [not-audio_url] [/not-audio_url]

Duration: 29:09
A new report by the European Investment Bank (EIB) based on a 2023 survey of Banking in Africa has found that banks on the continent have continued to show resilience despite operating in what the EIB described as “ a di…
High-Interest Rate Causing Debt Distress in Emerging Economies  [not-audio_url] [/not-audio_url]

Duration: 30:31
The Combination Of Aggressive interest-rate hikes in developed countries, lack of sufficient affordable capital from the World Bank and a failure to consider and address the spillover effects are creating costly spillbac…
IMF Expert Sees Lifeline for CBN’s E-naira in Mobile Money  [not-audio_url] [/not-audio_url]

Duration: 27:37
An expert in the Africa department of the International Monetary Fund has expressed optimism for the future success of Nigeria's e-Naira, Africa's first central bank digital currency and the world's second.Despite its un…

«123456...10»