The timing of the DMO and CBN auctions is intresting given the current liquidity environment. What strikes me is how Russia's shift toward gold and yuan reserves could influence broader emerging market flows, especally if other countries follow suit. The UK inflation easing is also notable, it could signal more room for rate adjustments globally which might trickle down to how investors view Nigerian fixed income relative to developed market alternativs. Do you see the Mopane stake sale impacting regional energy investment patterns?
Yeah, right now liquidity is out muscling supply. We are not yet at the point where BRICS reserve diversification triggers a visible wave of flows into Naira assets. Nigeria’s policy / FX credibility will be the gating variable, not the level of UK CPI. If 2026 is a global “rates drifting down, growth mediocre but not collapsing” environment, Nigeria’s high-yield curve will screen very attractively for investors who can get comfortable with FX and governance risk.
The timing of the DMO and CBN auctions is intresting given the current liquidity environment. What strikes me is how Russia's shift toward gold and yuan reserves could influence broader emerging market flows, especally if other countries follow suit. The UK inflation easing is also notable, it could signal more room for rate adjustments globally which might trickle down to how investors view Nigerian fixed income relative to developed market alternativs. Do you see the Mopane stake sale impacting regional energy investment patterns?
Yeah, right now liquidity is out muscling supply. We are not yet at the point where BRICS reserve diversification triggers a visible wave of flows into Naira assets. Nigeria’s policy / FX credibility will be the gating variable, not the level of UK CPI. If 2026 is a global “rates drifting down, growth mediocre but not collapsing” environment, Nigeria’s high-yield curve will screen very attractively for investors who can get comfortable with FX and governance risk.