March 8, 2024/FBNQuest Research Today, we look at developments in the electricity sector. According to the United States Agency for International Development (USAID), Nigeria has the capacity to produce 12,522MW of electricity from its current power infrastructure. However, recent data from Nigerian Electricity Supply Operators suggest a peak power generation […]
OPINION/EDITORIAL
Increase in Cash Reserve Ratio, an Effective Monetary Policy Tool?
March 8, 2024/CSL Research The Central Bank of Nigeria (CBN) at its last Monetary Policy Committee (MPC) meeting held on 27 February 2024 raised the CRR for commercial banks to 45%, a 1,250 basis points increase from 32.5% previously bringing the CRR to its highest level in history. The Cash […]
Red Sea Attacks Disrupt Global Trade
(Credit: Pilesasmiles/iStock by Getty Images) March 7, 2024/IMFBlog By Parisa Kamali, Robin Koepke, Alessandra Sozzi, and Jasper Verschuur In the past few months, global trade has been held back by disruptions at two critical shipping routes. Attacks on vessels in the Red Sea area reduced traffic through the Suez Canal, the shortest […]
