October 4, 2023/FBNQuest Research The gross monthly distribution by the Federation Account Allocation Committee (FAAC) to the three tiers of the government amounted to NGN1.1trn (USD1.4bn) in September (from August revenue). September’s FAAC disbursement represents an increase of almost NGN134bn compared with the previous month’s payout. As illustrated by our […]
OPINION/EDITORIAL
Nigerian Banks’ FX Gains Support Solvency Post-Devaluation
October 4, 2023/Fitch Ratings Nigerian banks’ balance-sheet structures have helped to ensure continued compliance with minimum capital requirements despite the devaluation of the Nigerian naira by about 40% since June 2023, Fitch Ratings says. The risks to capital from further currency devaluation and loan quality pressures should not affect ratings […]
The Role of Research, Data, and Analysis in Banking Reforms
October 4, 2023/US Federal Reserve Governor Michelle W. Bowman At the 2023 Community Banking Research Conference sponsored by the Federal Reserve System, the Conference of State Bank Supervisors, and the Federal Deposit Insurance Corporation, St. Louis, Missouri It’s a pleasure to be back in St. Louis for the annual Community […]
