Updates

Personal Statements by the MPC Members at the 147 MPC Meeting of March 20-21, 2023

May 18, 2023/CBN 1. ADAMU, EDWARD L. Outlook for the global economy continues to be unstable. There are renewed financial market strain following the collapse of Silicon Valley Bank (SVB) and the Credit Suisse crisis which could preempt a global financial market crisis. On the other hand, global inflation continues […]

AfDB Approves $15 Million Loan for Infrastructure Credit Guarantee Company Limited to Support Infrastructure Financing in Nigeria

The financing will enable InfraCredit to leverage domestic capital markets to bolster access to long-term local currency infrastructure financing in Nigeria May 18, 2023/AfDB The Board of Directors of the African Development Bank has approved a $15 million subordinated loan to Infrastructure Credit Guarantee Company Limited (InfraCredit) to strengthen its […]

SEC Proposes Rule Amendments and New Rule to Improve Risk Management and Resilience of Covered Clearing Agencies

May 17, 2023/US SEC The Securities and Exchange Commission today proposed rule changes that would improve the resilience and recovery and wind-down planning of covered clearing agencies. The proposal would amend the existing rules regarding intraday margin and the use of substantive inputs to a covered clearing agency’s risk-based margin […]