Hints and tips:
...Camara fled to Burkina Faso months after the stadium crackdown following an assassination attempt by Abubakar “Toumba” Diakite, his former aide-de-camp....
...The official result put Tinubu on 37 per cent, Atiku Abubakar from the People’s Democratic party on 29 per cent and Obi on 25 per cent. But some individual results do not pass the smell test....
...The $4tn market for “munis”, often bought by individual investors attracted to their yields and tax advantages, has fallen by 13 per cent this year, according to the ICE BofA municipal bond index....
...She lasted just 11 months in the position, but has remained an adviser to the company, which earlier this year landed another $100mn in financing....
...For tracking the outlook for individual banks’ deposits, CreditSights suggests following an unusual leading indicator: rating agencies’ actions....
...Unlike pre-refunded munis, bonds that are guaranteed by the US government should see only a modest impact....
...It becomes actually an investor prudence issue,” he added....
...“Trust is really broken,” says Abubakar Suleiman, chief executive of Sterling Bank....
...In an often opaque process, the bank determines which industries and individuals get foreign exchange and at what price — a policy that causes chronic foreign exchange shortages to the frustration of investors...
...“Some states are reporting greater revenues since the pandemic started relative to the same time last year which will likely be used as an argument against providing aid.”...
...That is partly because the individual local deficits don’t seem too worrisome when viewed in isolation....
...Muni bonds are mostly an individual rather than an institutional product, which makes their unit trading costs higher....
...“We are concerned about it but hopefully we can prevent individual blips we are seeing becoming a real surge,” he told the Financial Times....
...In the past few months, though, one corner of the muni market seems to be opening up to the sort of transparency and rationalisation that came to equities markets decades ago....
...At an Abubakar rally in Kaduna, Hadiza Mohammed Sani describes Nigeria as being “in a coma”, blaming Mr Buhari for the economic downturn....
...It was for just $135m and carried a junk rating, but paid an average of just 4.8 per cent, which is not bad under the circumstances....
...Gurtin manages more than $14bn in assets under management for high net worth individuals and the combined business will manage $38bn in muni bond assets....
...Agents of Nigeria’s corruption watchdog, the Economic and Financial Crimes Commission, arrested Abubakar Sidiq Usman in August after he authored blog posts critical of the commission’s chairman....
...“[The government] ought to think more about protecting individuals and their dignity and try to understand what they have gone through”, she said....
...Most investors in muni bonds are wealthy individuals seeking long-term streams of income and tax breaks....
...The author recounts how Abubakar Shekau, the “bloodthirsty” architect of Boko Haram’s suicide bombings and kidnaps of the past few years, took power only after his predecessor was shot in police custody...
...Muni bonds are one of the most popular asset classes in the US, in particular with wealthy individuals and retirees, who benefit from their tax exemptions....
...And since an update to Deutsche’s earlier idea just came out, we may as well use the country’s “fiscal slide” as an example of the problem....
...US municipal bond funds and individual investors dumped Puerto Rico at the low prices offered by distressed debt speculators....
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