‘Naira depreciation could rekindle foreign portfolio investors’ interests’
Analysts in Nigeria’s financial sector have expressed optimism that the Central Bank of Nigeria’s (CBN) adjustment of the Foreign Exchange (FX) rate to N380 to $1, could rekindle the interest of foreign portfolio investors in the country’s financial instrument.
Devaluation calls loom as reserves fall below $40 billion
Nigeria’s foreign exchange reserves fell below $40 billion for the first time in 23 months, as the country’s crude oil earnings remain under pressure in the international market, while the apex bank sustains its currency defence efforts.
CBN tweaks 32-month-old policy rate, opts for growth
The Central Bank of Nigeria (CBN) yesterday took local and international investors by surprise, cutting the 32-month-old Monetary Policy Rate (MPR) by 0.5 per cent to 13.5 per cent...
‘Why transparency, policy choices matter to Nigeria’
With Nigeria facing three-fold uncertainties that may arise from oil price, Britain’s exit of European Union (Brexit) and the United States-China trade war...
How economy lost single digit inflation target
The 18-month consecutive fall in inflation rate, had in the last two months, lost momentum in making more significant decline, as food prices...
CBN holds monetary rates steady for two years
Foe the 12th consecutive time in two years, the Central Bank of Nigeria (CBN) has retained all the monetary policy rates for the country.
Cryptocurrencies: The emerged elephant in the room
The world’s monetary landscape is shifting, and one of the biggest factors is the dramatic rise in the value of cryptocurrencies so far in 2017.
Stabilising fragile economy through desperate fiscal adjustments
Since February this year, the country’s economy, although still held hostage by low economic activities- recession, has been clawing back some gains owing to aggressive policy reversals. First is the easing inflation, which persistently lost strength up to April, while the May data is around the corner.