OPINION/EDITORIAL

Digital Currency: A Right Move to be Adopted by the CBN?

June 1, 2021/Proshare by CSL Research At the last Monetary Policy Committee (MPC) meeting held on the 24th and 25th May 2021, the CBN governor, Godwin Emefiele, hinted at plans made by the Apex bank to issue the country’s digital currency. While no definite timeframe for issuance was reported by […]

The CBN’s Box of Tools

June 1, 2021/Coronation Research Economic growth; inflation; foreign exchange. These are three of the Central Bank of Nigeria’s key responsibilities, yet prioritising one at the expense of the others can prove costly. Yet how – with what tools – does the CBN manage them?  FX Last week, the exchange rate […]

Inflationary Pressure Still Stretching Wallets

May 31, 2021/Proshare By FBNQuest Research  The latest inflation report released by the National Bureau of Statistics (NBS) shows that in April the headline inflation eased after nineteen successive months of increase. The decline was marginal. Food inflation is still above 20.0% and remains the major driver behind the relatively […]