Global Financial Markets:

Country Analysis - Nigeria (Emerging Market)

• Bond Markets

Describe the performance of the specific markets " Bond Markets" in Nigeria up to one-year period prior to the COVID-19 pandemic (i.e. January - December 2019) and the first full year of the COVID-19 pandemic (i.e. January 2020 - December 2020). Describe perspectives of market participants, namely investors/creditors, financial intermediaries, economic sectors/industries, etc. that are more likely affected by the COVID-19 pandemic. At the end of your description, the reader should have a clear idea of the effect of the pandemic and how it differed from the prior period.

What are the prospects for recovery, if any, for each selected financial market in 2021? Your response should showcase signs/indicators of market recovery which have been exhibited (i.e. January to September 2021) and/or market recovery forecasts which have been predicted. At the end of your discussion, the reader should have insights into the future of the respective markets and how 2021 impact compared to 2020's impact.

Briefly explain the impact, if any, on each selected financial market because of fiscal or monetary policy or other measures taken by the selected country's government to minimize the adverse economic consequences of the COVID-19 pandemic. Your explanation should identify what measures were taken, how these measures were intended to impact the selected financial market, and whether the measures had the intended impact. At the end of your explanation, the reader should be able to conclude whether governmental actions were effective.