The Nigerian bond market is currently experiencing a sharp sell-off as investor confidence falters, largely due to concerns about governance, despite the allure of attractive yields. As the next Monetary Policy Committee (MPC) meeting approaches, experts are calling for a pause in interest rate hikes to strike a balance between controlling inflation and encouraging economic growth. Meanwhile, the Naira's value has dropped over 51% during Godwin Emefiele’s successor Cardoso's first year as CBN Governor, sparking concerns about the country's financial stability. In this episode, Gbenga Magbagbeola, Managing Director of Sycamore Investment and Asset Management Limited, provides valuable insights into the volatility in the bond market, investor sentiment, and the Central Bank's evolving monetary policies.

NEWS MIX
September/24/2024

Tags: news, news mix, nigeria, mpc, cbn, godwin emefele, naira