February 29, 2024/Coronation Research At its latest meeting held on Tuesday, the CBN/MPC responded to the country’s soaring inflation rate and escalating exchange rate pressures by opting to hike the monetary policy rate (MPR) by a substantial +400bps to 22.75%, marking the highest level recorded since 2006. Additionally, there were […]

February 29, 2024/Fitch Ratings Rated African banking groups have mixed, but in most cases limited, exposure to geopolitical and macroeconomic risks in west Africa stemming from Burkina Faso, Mali and Niger’s intention to leave the Economic Community of West African States (ECOWAS), Fitch Ratings says. Fitch rates five banking groups […]

February 29, 2024/IMF Good morning and welcome to the IMF. It is my pleasure to be here with you today to open the third and final day of what has been a successful and productive week. My congratulations to the Office of the Comptroller of the Currency (OCC) for hosting […]