May 21, 2021/Cowry Asset Report Freshly released data from the National Bureau of Statistics (NBS) showed that headline inflation slowed down for the first time in 20 months. It recorded a 18.12% decline in annual inflation rate for the month of April (lower than 18.17% in March). This southward movement […]
Updates
Another Month, Another Good Auction for the DMO
May 21, 2021/Proshare by FBNQuest Research The DMO held its monthly auction of FGN bonds on Wednesday. It offered its regular NGN150bn, raised NGN175bn (USD430m) and secured a total bid of NGN282bn. The marginal rates on the ten and 15-year benchmarks rose by 85bps and 66bps from the previous month […]
Federal Reserve Chair Jerome H. Powell outlines the Federal Reserve’s response to technological advances driving rapid change in the global payments landscape
May 20, 2021/US Federal Reserve Technological advances are driving rapid change in the global payments landscape. The Federal Reserve is studying these developments and exploring ways that it might refine its role as a core payment services provider and as the issuing authority for U.S. currency. “As the central bank […]
