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This debt had several components: Federal Government Bonds (N3.06 trillion), Nigerian Treasury Bills (N1.44 trillion), and Treasury Bonds (around N372.9 billion). Conversely, the external debt was estimated to be about $4.1 billion. [13] In 2018, the Nigerian government debt-to-GDP ratio is estimated to be in the region of 24.1 per cent. [16]
[1]: 208, s7.243 Net debt estimates are not always available since some government assets are difficult to value, such as loans made at concessional rates. [1]: 208–209, s7.246 Changes in government debt over time reflect primarily borrowing due to past government deficits. [2]
The real interest rate is used in various economic theories to explain such phenomena as capital flight, business cycles and economic bubbles. When the real rate of interest is high, because demand for credit is high, then the usage of income will, all other things being equal, move from consumption to saving, and physical investment will fall ...
The Central Bank of Nigeria claimed that they attempted to control the annual inflation rate below 10%. In 2011, the CBN increased key interest rate six times, rising from 6.25% to 12%. On 31 January 2012, the CBN decided to maintain the key interest rate at 12%, in order to reduce the impact of inflation due to a reduction in fuel subsidies. [14]
The Central Bank of Nigeria (CBN) is the central bank and apex monetary authority of Nigeria established by the CBN Act of 1958 and commenced operations on 1 July 1959. [3] The major regulatory objectives of the bank as stated in the CBN Act are to: maintain the external reserves of the country; promote monetary stability and a sound financial environment, and act as a banker of last resort ...
Treasury bill yields are above 5% after the Federal Reserve lifted its benchmark lending rate by a quarter-point last week. ... if you bought a $1,000, one-year T-bill at a rate of 5%, you would ...
The forward rate is the future yield on a bond. It is calculated using the yield curve . For example, the yield on a three-month Treasury bill six months from now is a forward rate .
The risk-free rate is also a required input in financial calculations, such as the Black–Scholes formula for pricing stock options and the Sharpe ratio. Note that some finance and economic theories assume that market participants can borrow at the risk-free rate; in practice, very few (if any) borrowers have access to finance at the risk free ...