August 22, 2023/CSL Research Last week, the Central Bank of Nigeria (CBN) in an effort to stabilise the foreign exchange arket and reduce the premium between the parallel market and the official market, issued a circular to the Bureau-De-Change operators in the country, stating new operational guidelines. This is coming […]
Money Market
Currency Outside Banks Climbed by 3.94% to Reach N2.26trn in June 2023
August 21, 2023/CSL Research Money Supply statistics from the Central Bank of Nigeria (CBN) as of June 2023 showed that currency in circulation increased month-on-month by 3.03% in June to N2.6trn from N2.53trn as of May 2023. Also, currency outside banks rose month-on-month by 3.94% to N2.26trn (representing 86.93% of […]
S&P Global Ratings Revised Outlooks On 12 Nigerian Banks to Stable After Same Action on Sovereign; Several National Scale Ratings Raised
August 18, 2023/ S & P Global Ratings S&P Global Ratings revised its outlook on Nigeria to stable from negative on Aug. 4, 2023, based on reform initiatives. We do not rate financial institutions in Nigeria above the sovereign foreign currency sovereign ratings, due to the direct and indirect effect […]
