OPINION/EDITORIAL

Slight Increase in Gross External Reserves

May 20, 2024/CSL Research Based on figures obtained from the Central Bank of Nigeria (CBN) website on movement of external reserves as of 16 May 2024, there was a notable increase of US$0.54bn in the nation’s external reserves reaching US$32.64bn, after a significant decline of US$2.28bn in a single month […]

Pre-MPC May 2024: MPC to Raise MPR Again by 100bps

May 17, 2024/Cordros Report The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) is expected to hold its third meeting of the year on the 20th and 21st of May. As in previous meetings, we expect the Committee to consider developments in the global and domestic economy […]

Payments Innovation, Technical Standards, and the Federal Reserve’s Roles

Governor Christopher J. Waller Thank you, President Kashkari, for the introduction, and thank you to the conference participants for the opportunity to speak with you.1 As you all know, the payment system relies on the kind of cooperation and collaboration that this body represents. So, let’s begin by acknowledging that […]