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 […]
OPINION/EDITORIAL
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 […]
Prices of Staple Food Items Increase in January 2024
March 7, 2024/CSL Research The National Bureau of Statistics (NBS) of Nigeria through its selected food price watch for January 2024 reported steep increases in the average prices of essential food items that are widely consumed by Nigerians. According to the World Food Programme (WFP), 4.4m people are food insecure […]
