December 23, 2017/InvestmentOne Research Please click to download our Weekly Fixed Income and Currency Update. Macro Indicators Inflation as at November 2017 15.90% MPR 14.00% Overnight rate 6.33% GDP growth as at Q3 2017 +1.40% External reserves as at 18/12/2017* US$37.35bn Brent crude price US$64.94/b […]
Money Market
CBN Suspends Extension of Settlement Banking Arrangement to All the Clearing Sessions
December 22, 2017/CBN You will recall that a directive was issued on the extension of settlement banking arrangement that is being practiced for cheque clearing sessions 1 and 2 to other net settlement sessions (0 and 3) via our circular referenced BPS/DIR/CIR/GEN/02/039, dated November 10, 2017. The aforementioned circular directed […]
BoE’s Carney sees problems with central-bank issued cryptocurrencies
20/12/2017/Reuters Andy Bruce Bank of England Governor Mark Carney sees “fundamental problems” with the idea of a digital currency issued by a central bank that could be used by the general public. The emergence of bitcoin and other cryptocurrencies has led some economists to predict the technology could be used […]
