Culled—Proshare March 23, 2020 by ARM Research The Monetary Policy Committee (MPC) is set to meet again amid a global epidemic of the Covid-19 virus which has rocked global markets. At its meeting in January, the MPC hiked the Cash Reserve Requirement by 500 bps to 27.5% in order to […]

Culled—Proshare March 23, 2020 by FBNQuest Research The monetary policy committee (MPC) meets today and tomorrow in Abuja. As we wait to see whether it joins the 39 monetary authorities that cut benchmark rates across the world last week, we also hold our breath ahead of possible changes to the […]

March 23, 2020/Cordros Report On Friday, the CBN announced a “re-alignment” of the currency, moving the official rate upwards from NGN305.00/1USD to NGN360.00/1USD. This move came amid the deteriorating macroeconomic picture following the crash in the prices of crude oil. Beyond that, the CBN also effected a non-parallel upward shift […]