March 20, 2023/CSL Research Based on the new Money Supply statistics from the CBN, the currency in circulation in the country has dipped by 235.03% to N982.09bn in February from N3.29tn in October 2022, largely on the back of the Naira redesign policy of the Central Bank of Nigeria. These […]
Money Market
Moody’s Changes Outlook on U.S. Banking System to ‘Negative’ Following SVB Collapse
March 15, 2023/Moody’s Investors Service We have changed to negative from stable our outlook on the US banking system to reflect the rapid deterioration in the operating environment following deposit runs at Silicon Valley Bank (SVB), Silvergate Bank, and Signature Bank (SNY) and the failures of SVB and SNY. Although […]
Failed e-Payments and Lack of Cash weigh on Economic Activities
March 15, 2023/United Capital Research Most recent data from the Nigeria Inter-Bank Settlement System (NIBSS) revealed that the total value of cashless transactions in the Nigerian economy declined by 4.8% in February 2023 to print at N37.7tn relative to N39.6tn recorded in January 2023. The key driver of the observed […]
