21/4/2016/Cordros In what appears to be an open agreement with our opinion (expressed in our most recent economic note “Monetary Policy Committee May Tighten”), the CBN Governor, Godwin Emefiele, on Saturday (April 16, 2016), revealed that the country’s Monetary Policy Rate (MPR) will still have to rise. The CBN boss […]
Tag: Private Sector
Can Nigerian banks overcome the CRR headwind? A macro perspective
The negative sentiment surrounding the banking sector was further heightened following the recent increase in the public sector CRR from 50% to 75%. Nigerian banks are indeed facing the challenge of tougher regulation on CRR and banks have continued to weigh the impact of high public sector CRR on revenue […]
Nigeria central bank acts to support naira, worried about govt spending
* Key interest rate held at 12 pct for 14th time * Cbank says committed to exchange rate stability * Sanusi concerned about falling oil savings, leakages * High spending ahead of elections next year a worry (Adds details, quote, background) Nigeria’s central bank lifted the cash reserve requirement […]
