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April 14, 2015

FBN Fixed Income Fund Annual Report and Financial Statements 2015

The Nigerian economy witnessed several key developments in 2014. A major highlight was the reported rebasing of Nigeria’s GDP in April become the biggest economy on the continent with an output of US$510billion as at 2014, it also revealed the nation to be one of the least leveraged in the world, with a revised debt-to-GDP ratio of 11%, from 20%. However, the positive development was not reflected in the financial markets as the fixed income markets was characterised by bearish sentiments largely driven by monetary policy directions and reduced appetite for emerging and frontier market assets from the offshore community following the US Federal Reserve’s decision to taper its bond purchase program by US$10bn monthly from December 2013 and volatility within the global commodities space.Download the full report

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April 14, 2014

FBN Money Market Fund Annual Report and Financial Statements 2014

The Money Market Fund closed the financial year ended 31 March 2014 with a total NAV of 20.90bn versus 1.82bn...

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April 14, 2014

FBN Fixed Income Fund Annual Report and Financial Statements 2014

The Nigerian economy witnessed several key developments in 2014. A major highlight was the reported rebasing of Nigeria’s GDP in...

Read more >
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