March 8, 2024/CBN Culled Proshare The Central Bank of Nigeria (CBN) reported a significant increase in foreign exchange inflow into the economy in February 2024, with marked increments in remittance payments by Nigerians overseas and purchases of naira assets by foreign portfolio investors. Speaking with newsmen in Abuja, the Bank’s […]
Money Market
Increase in Cash Reserve Ratio, an Effective Monetary Policy Tool?
March 8, 2024/CSL Research The Central Bank of Nigeria (CBN) at its last Monetary Policy Committee (MPC) meeting held on 27 February 2024 raised the CRR for commercial banks to 45%, a 1,250 basis points increase from 32.5% previously bringing the CRR to its highest level in history. The Cash […]
In the Race to Digital Wallets, Don’t Forget Cash
While digital is growing rapidly as a payment form, cash is still used for 90% of all transactions on the continent March 5, 2024/Mukuru By Juan Seco Success in the digital payment space will hinge on the ability of new players and incumbents to converge the physical and digital experience […]
