September 7, 2021/Coronation Research At the end of the second quarter of the year we wrote about how Nigerian banks were moving lending rates in order to accommodate rising market interest rates (see Coronation Research: Nigerian Banks, Resilience Built In, 25 June). Since then market interest rates, and interbank lending […]
OPINION/EDITORIAL
eNaira- Yay or Nay?
September 7, 2021/Coronation Research In a recent press statement, the Central Bank of Nigeria (CBN) stated its plans to launch its Central Bank Digital Currency (CBDC) pilot scheme called the eNaira on 1 October 2021 with Bitt Inc, a financial technology company that utilises blockchain and distributed ledger technology to […]
Trade Deficit Contracts by 52.6% Q/Q in Q2-2021
September 7, 2021/United Capital Research The National Bureau of Statistics (NBS) released Nigeria’s Foreign Trade in Goods Statistics for Q2-2021. During the quarter, total merchandise trade grew 23.3% q/q and 88.7% y/y to N12.0tn from N9.8tn in Q1-2021 and N6.4tn in Q2-2020. The increase was due to a sharp growth […]
