March 4, 2026/CSL Research The Governor of the Central Bank of Nigeria (CBN) Olayemi Cardoso revealed that the net external reserves, which exclude short-term foreign currency obligations, grew by about 50.5% year-on-year (y/y) to US$34.8 billion by the end of last year. Complementing this, the gross external reserves rose to […]
OPINION/EDITORIAL
Liquidity Resiliency, Financial Stability, and the Role of the Federal Reserve
March 3, 2026/US Federal Reserve By Vice Chair for Supervision Michelle W. Bowman Good morning. It’s a pleasure to be with you this morning to open our discussion on the bank liquidity framework. Hal and his team have assembled a series of excellent panels that will further inform our approach […]
Rising Crude Prices on US-Iran Tensions Provide Short-Term Upside for Nigeria
March 3, 2026/CSL Update Crude oil prices are likely to remain elevated in the coming weeks; however, a pullback is expected as supply disruptions ease amid a potential de-escalation of the conflict. Higher oil prices present near-term upside potential for Nigeria’s external and fiscal balances. Meanwhile, we see heightened upside […]
