Updates

FT – Lenders Plan Not To Renew Deals with CBN

Culled—Proshare Thursday, December 15, 2016 11:21 AM / by Maggie Fick , FT This “move highlights an erosion of confidence in the monetary authority”. Several banks will not renew agreements worth billions of dollars with Nigeria’s central bank, highlighting the erosion of confidence in the monetary authority, bankers say. The […]

A Second, Larger Dose of Fiscal Expansion

Culled—Proshare Deceber 15, 2016/FBNQuest Research The president yesterday submitted the 2017 budget to a sitting of both houses of the National Assembly. Nigeria’s exit from recession depends upon its expansionary fiscal stance, and the monetary policy committee will not play a supporting role unless it performs an about-turn from its […]

IMF-LSE Symposium on “Macroprudential Stress Tests and Policies: A Framework”

December 15, 2016/IMF Opening Remarks by IMF Deputy Managing Director Tao Zhang December 15, 2016 Distinguished guests, LSE and IMF colleagues, ladies and gentlemen. I am very pleased to be here this morning to welcome you to this symposium. I would like to thank the organizers—the Monetary and Capital Markets […]