September 28, 2020 Article Credit: Baker McKenzie In a post-pandemic environment, African banks will have to navigate not only an economy in recession, but one where there will be many disruptors to existing business models and a rapid acceleration of existing trends such as digitalisation, cybercrime and the importance of […]
Money Market
LDR Policy: Plausible But Insufficient to Stimulate Growth
Culled—Proshare September 24, 2020 By CSL Research At the recently concluded MPC meeting, the Central Bank Governor, Godwin Emefiele disclosed that the total credit to the economy rose to N19.33tn in August 2020 from N15.57trn in May 2019 as a result of the minimum Loan to Deposit Ratio (LDR) policy […]
Banks Lend, the CBN Pushes Forbearance
Culled—Proshare September 24, 2020 By FBNQuest Research Private-sector credit extension expanded by 21.4% y/y in August (see chart). This rate is comfortably ahead of nominal GDP growth, which the authorities will welcome since Nigeria lags its peers by a margin for this metric. Credit extension/GDP remains below 20%. There has […]
