May 2, 2023/CSL Research Money Supply statistics from the Central Bank of Nigeria (CBN) as of March 2023 showed that currency in circulation increased month-on-month by 71.42% to N1.68trn from N982.09bnbn as of February 2023. On the other hand, currency outside banks rose month-on-month by 71.4% to N1.45trn (representing 85.86% […]
OPINION/EDITORIAL
German Banks Resilient to Falling Commercial Real Estate Values
May 2, 2023/Fitch Ratings German banks have the ratings headroom to withstand the likely deterioration of their commercial real estate (CRE) loan books, Fitch Ratings says. Fitch’s assessment of the banks’ asset quality is adjusted downwards for cyclical performance and already reflects CRE sector and single-borrower concentration. German banks’ […]
Asia Poised to Drive Global Economic Growth, Boosted by China’s Reopening
(Credit: Vijay/Adobe Stock) May 2, 2023/IMFBlog By Thomas Helbling, Shanaka J. Peiris, and Krishna Srinivasan Asia and the Pacific is a relative bright spot amid the more somber context of the global economy’s rocky recovery. As the Chart of the Week shows, the region will contribute about 70 percent of global growth this year—a […]
