A stronger US dollar and uncertainty ahead of Nigeria’s election season could put pressure on the naira and increase the country’s borrowing costs, particularly on its dollar-denominated debt, financial experts have warned. The post Stronger dollar, election uncertainty could pressure naira, raise Nigeria’s borrowing costs – Experts appeared first on Nairametrics .
Financial experts have warned that a stronger US dollar and election uncertainty in Nigeria could put pressure on the naira and increase the country's borrowing costs, particularly on its dollar-denominated debt. Arnold Dublin-Green, Chief Investment Officer at BGL Asset Management, highlighted that rising US Treasury yields, possible changes in interest rates, and domestic political uncertainty could create a challenging environment for Nigeria's external borrowing.
The naira has already depreciated by 0.22% in the first week of November, closing at N1,349 per dollar, and foreign exchange turnover on the Nigerian Foreign Exchange Market has remained subdued.
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France plans to spend an extra €4 billion on education amid nationwide protests. But with public debt mounting and interest costs climbing, how much fiscal room does the government have?
France plans to spend an extra €4 billion on education amid nationwide protests. But with public debt mounting and interest costs climbing, how much fiscal room does the government have?
France plans to spend an extra €4 billion on education amid nationwide protests. But with public debt mounting and interest costs climbing, how much fiscal room does the government have?
