March 8, 2024/Fitch Ratings The recent 400bp increase, to 22.75%, in Nigeria’s monetary policy rate (MPR) marks progress in the country’s efforts to contain inflation and support a more market-determined exchange rate, though real rates remain negative and the exchange rate is still subject to downward pressure, says Fitch Ratings. […]
OPINION/EDITORIAL
Tackling Poor Utilization in the Power Sector
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 […]
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 […]
