Higher level of bond activities anticipated for 2024  — FSL Securities

Higher level of bond activities anticipated for 2024  — FSL Securities

The head of research and investment at FSL Securities, Victor Chiazor, stated at the company’s Economic Review and Outlook for 2024, which had the topic “Navigating the tides,” “Private sector activity in the market segment is needed given the need to fund the budget deficit.” We anticipate that the bond market will be active this year since funds will be raised there to cover the budget deficit.

The head of research and investment at FSL Securities, Victor Chiazor, stated at the company’s Economic Review and Outlook for 2024, which had the topic “Navigating the tides,” “Private sector activity in the market segment is needed given the need to fund the budget deficit.” We anticipate that the bond market would be active this year since money would be obtained from the market to cover the budget’s deficit.

Additionally, the demand for state bonds is declining, but given the amount of repair work done on some state bonds, we expect governments with large revenues to access the bond market.
Concerning the economy, he predicted that by 2024 the federal government would be struggling to pay off its enormous debt, since its debt to service ratio would still be high.Although we forecast minimal interest from foreign investors, the stocks market will likely struggle to reach the performance reported in 2023 and will be controlled by domestic players. The CBN’s dovish stance and business performance will have a significant impact on the market.
It is anticipated that the fiscal authority’s visibility will improve during the year, but monetary policy is anticipated to stay ambiguous in 2024 as it will continue to assess the course of events and determine whether to

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