The Market Today - 15 August 2018

H1’18 debt data comes in line with FG strategy                                                 Nigeria’s total debt reduced from ₦22.7 trillion at the end of Q1’18 to ₦22.4 trillion at the end of H1’18, according to data from the Debt Management Office (DMO). This decline was driven by a moderation in total Federal government domestic debt from ₦12.6 trillion to ₦12.2 trillion in the same period as external debt rose marginally. We note that this is in line with the government’s overall...