Category: Research

MPC likely to hold rates

The monetary policy committee (MPC) meets today and tomorrow. At its last meeting held in May, the committee was faced with two broad options: address the high inflationary pressure or

Inflation on the downtrend

Last week, the National Bureau of Statistics (NBS) Consumer Price Index (CPI) report for June 2021 showed a moderate decline in the headline inflation to 17.75% from 17.93% recorded in

Nigeria’s Oil Conundrum

As oil demand is expected to grow strongly in the summer months, the OPEC+ alliance is still unable to reach an agreement on oil supply going forward with mixed results

CBN funding the government

In times of recession, and of a budget shortfall, it is only normal to expect a central bank to lend money to its government.  However, in Nigeria, it appears to

Nigerian Banks: Resilience built in

Coronation Research, today releases its report on Nigerian Banks “Nigerian Banks, Resilience Built In”. The report shows that Nigerian banks’ earnings have been remarkably resilient over the interest rate cycle, their

Nigerian Banks: Resilience built-in

On Friday, we published our report on Nigerian Banks. We examined what has happened within the Nigerian Banking industry over the past 10 years. It is a unique 10-year study

The World Bank Blueprint

The World Bank does not leave a stone unturned when it comes to examining Nigeria. Many of its recommendations come as no surprise: full harmonisation of foreign exchange markets; removal

Bitcoin and Nigeria

Bitcoin has taken the world by storm over the past year, but Nigerians were alert to the opportunities early on, and data suggests that they are among the most active

Oil prices and FX reserves

One can almost hear the sigh of relief coming from Abuja.  Oil prices are up and the immediate threat to the nation’s foreign exchange reserves has receded. Markets (long-dated bonds

The CBN’s box of tools

Economic growth; inflation; foreign exchange.  These are three of the Central Bank of Nigeria’s key responsibilities, yet prioritising one at the expense of the others can prove costly.  Yet how

  • Featured
Year Ahead-Re-risking the financial system

Oil prices: In a global oil market threatened with over-supply, it appears that OPEC, and its ally Russia, are doing a good job of limiting production.

  • Featured
Year Ahead-Re-risking the financial system

Year Ahead 2020: Re-risking the financial system

Oil prices: In a global oil market threatened with over-supply, it appears that OPEC, and its ally Russia, are doing a good job of limiting production.