Menu
Home
Forums
New posts
Search forums
What's new
Featured content
New posts
New media
New media comments
New resources
Latest activity
Media
New media
New comments
Search media
Resources
Latest reviews
Search resources
Misc
Log in
Register
What's new
Search
Search
Search titles only
By:
New posts
Search forums
Menu
Log in
Register
Install the app
Install
Home
Forums
Labrish
Nyuuz
Trump threat rattles bonds, Nigeria shrugs it off
JavaScript is disabled. For a better experience, please enable JavaScript in your browser before proceeding.
You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an
alternative browser
.
Reply to thread
Message
[QUOTE="Munyaradzi Mafaro, post: 67776, member: 636"] Nigerian government debt instruments experienced price declines on Tuesday following remarks by President Donald Trump suggesting potential military intervention in the African nation over religious violence concerns. The selloff remained modest as experienced market participants anticipated limited lasting effects. Bonds with extended maturity dates showed the steepest drops. The 2051 security decreased approximately 0.5 cents before recovering partially to trade near 92 cents per dollar. Other developing market debt showed stable pricing during the same period. Trump stated on Sunday that American forces might enter Nigeria through troop deployment or aerial bombardment to halt what he characterized as widespread Christian deaths. Nigerian officials responded that they would accept Washington's assistance against Islamic militant groups while maintaining sovereignty over their territory. Data from the Armed Conflict Location and Event Data Project indicates violence from insurgents, criminal gangs, and disputes between agricultural communities and livestock herders killed about 3,570 people during the previous year. Security analysts note Muslims represent most casualties from extremist attacks, while clashes in central regions stem primarily from resource competition rather than faith-based conflict. Investment managers described the bond movement as temporary, with Aberdeen fund manager Kevin Daly and Standard Chartered Africa strategy head Samir Gadio both expressing confidence that the situation would not substantially alter investor sentiment toward the West African economy. [/QUOTE]
Insert quotes…
Name
Post reply
Home
Forums
Labrish
Nyuuz
Trump threat rattles bonds, Nigeria shrugs it off
This site uses cookies to help personalise content, tailor your experience and to keep you logged in if you register.
By continuing to use this site, you are consenting to our use of cookies.
Accept
Learn more…
Top