August 31, 2021/Proshare by FBNQuest Research We see from CBN data that total sectoral utilisation of FX declined by -65% y/y and -25% q/q to c.USD5.0bn. In addition to the reduction in aggregate fx utilisation, the pandemic’s influence can be seen in changes in the composition of sectoral forex usage. […]
OPINION/EDITORIAL
Why Equities Have Been So Bad?
August 31, 2021/Coronation Research Over the past three weeks, the Nigeria Weekly Update has examined how total cumulative equity returns (returns with dividends reinvested) have outperformed equities this year and examined the best dividend-paying stocks. Yet, over a long study period (six years) the returns have been poor. The reason, […]
CBN Takes a Step Further in the Quest for eNaira
August 31, 2021/CSL Research Earlier this year, the Central Bank of Nigeria (CBN) announced plans to issue the country’s digital currency amidst the growing adoption of digital currencies over the world, with many central banks also investigating the practicalities. Since then, the apex bank’s ambitious project to create a digital […]
