Today we highlight one of the sessions, ‘Economic Recovery’, at the recently concluded CIBN Banking and Finance conference. This was a hybrid event in Abuja, Lagos and partially virtual last
The national accounts for Q2 2021 by the NBS show that GDP grew by 5.0% y/y compared with 0.5% recorded in Q1 2021. This is in line with our expectation.
Decision (unanimous)Retain MPR at 11.50% Retain the asymmetric corridor of the MPR at +100 / -700 basis point. Retain CRR at 27.5%. Retain liquidity ratio at 30%. The MPC noted
Summary Opening market liquidity was reported at NGN68.1bn on Friday (10 Sep ‘21). Overnight and repo rates closed within a range of 14.5-16.0%. The secondary market for NTBs was largely
Digital technologies can promote growth in an economy partly due to their capacity to reduce costs and improve the quality of delivery. However, to achieve this, high-speed and reliable internet
Today we turn our attention to the recently released national accounts for Q2 2021 from the National Bureau of Statistics. The data show that GDP grew by 5.0% y/y in
eNaira- Yay or Nay? In a recent press statement, the Central Bank of Nigeria (CBN) stated its plans to launch its Central Bank Digital Currency (CBDC) pilot scheme called the
Summary Opening market liquidity was reported at NGN445.4bn on Friday (03 Sep ‘21). Overnight and repo rates closed within a range of 10.0-13.5%. The secondary market for NTBs was relatively
A new economy, a digital one fueled by technological innovation, is emerging and the COVID-19 pandemic has only accelerated this technological transformation, bringing about changes in work, skill requirements, work
The NBS has released its August inflation report to show – Headline rate 17.01% y/y (17.38% in July): Core rate 13.41% y/y (13.72%); and Food rate 20.30% y/y (21.03%).
