• Login
  • Register
Nairametrics
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
Nairametrics
No Result
View All Result
Home Business News Politics

Analyst uses Michael Jackson’s moonwalk dance to describe latest CRR

Nairametrics by Nairametrics
May 22, 2015
in Politics, Spotlight
Analyst uses Michael Jackson’s moonwalk dance to describe latest CRR
Share on FacebookShare on TwitterShare on Linkedin

The CBN on Tuesday announced it was harmonising the public and private sector CRR to 31%. Analysts have since then been trying to analyse and interpret what it will actually affect banking sector deposits. However, an article from Thisday tries to explain the impact of the CRR on banking deposits.

The article sights a report by WSTC Financial Services which uses a quite interesting analogy to describe what the CBN had actually done. The company says whilst the harmonisation may have looked like an easing of liquidity, it probably is not and likened it to Michael Jackson’s famous moonwalk dance.

The moonwalk dance had Michael Jackson sliding backwards even though he was facing forward suggesting that was perhaps what the CBN just did. Interesting analogy don’t you think?

RelatedStories

Ekiti Knowledge Zone approved as Free Trade Zone by FG

Nigeria’s inflation rate rises to 12.34% as COVID effects bite harder

May 21, 2020
Flour Mills of Nigeria Plc, 2018 FY: Flour Mills’ shareholders unanimously endorse N4.92 billion dividend , FMN redeems N1 billion pledge to CACOVID relief fund, donates $1.5 million worth of medical supplies

FMN redeems N1 billion pledge to CACOVID relief fund, donates $1.5 million worth of medical supplies

April 17, 2020

Excerpts of the article below;

 “While the move by the apex bank gave an appearance of a leaning towards monetary easing, we will like to describe it using Michael Jackson’s moonwalk dance in which the dancer’s steps resulted in a movement in the opposite direction of where he was believed to be facing.

“Although the decision of the apex bank comes with an appearance of monetary easing, a careful analysis of the impact of the policy shows that the new CRR structure will result in a net aggregate debit, i.e. monetary tightening, on the financial system rather than monetary easing as widely believed by many analysts.”

“The larger the exposure of a bank to public sector funds, the lower the ‘net debit’ impact of the new CRR structure on the bank’s total deposits. Suffice to say that implicit in this is the fact that the harmonisation of CRR may ultimately result in a ‘net credit’, in the interim, for banks holding considerable portion of public sector funds on their balance sheets,”

“We believe that the net effect of the new CRR structure will further weaken earnings in the banking industry through higher cost of fund and reduced ability to earn interest income from liability generation. We also expect this scenario to further dampen market expectations about corporate earnings within the industry,” they noted further.

Watch Moonwalk Video

Tags: CBN Nigeria
Nairametrics

Nairametrics

Nairametrics is Nigeria's top business news and financial analysis website. We focus on providing resources that help small businesses and retail investors make better investing decisions. Nairametrics is updated daily by a team of professionals. Post updated as "Nairametrics" are published by our Editorial Board.

Related Posts

Ekiti Knowledge Zone approved as Free Trade Zone by FG
Politics

Nigeria’s inflation rate rises to 12.34% as COVID effects bite harder

May 21, 2020
Flour Mills of Nigeria Plc, 2018 FY: Flour Mills’ shareholders unanimously endorse N4.92 billion dividend , FMN redeems N1 billion pledge to CACOVID relief fund, donates $1.5 million worth of medical supplies
Business News

FMN redeems N1 billion pledge to CACOVID relief fund, donates $1.5 million worth of medical supplies

April 17, 2020
Nigeria’s manufacturing sector contracts for 5th consecutive month – CBN , To test FX market, CBN pumps $50 million, CBN issues guidelines to Finance Institutions on establishment of Subsidiaries and SPVs, CBN injects $2.63 billion to defend naira in one month, CBN’s COVID-19 N50 billion targeted credit facility, CBN’s heterodox policies buoys credit growth, These industries drove business activities in September, Credit to Nigerian economy falls to N38.67 trillion as private stagnates at N30 trillion, Availability of secured credit to businesses and households increases as unsecured credit to households dips in Q3 2020 - CBN, CBN releases regulatory guidelines on the eNaira
Business News

CBN to finance renewable energy initiatives, sets up N500 billion fund for manufacturers

April 15, 2020
CBN reduces over-the-counter withdrawals to N100k, N500k per week for individuals, companies
Politics

UPDATE: Fitch downgrades Nigeria’s IDR to “B”, says CBN’s remedial policy not enough

April 6, 2020
Treasury, bills, calendar, Central Bank
Markets

How to invest in treasury bills even if you don’t have N50 million

September 16, 2019
CBN Gov Godiwn Emefiele, Nigeria’s foreign reserves CBN
Business News

Nigeria’s foreign reserves shed $1 billion, biggest fall in 17 months

August 27, 2019
Next Post
Why Unity Bank had a share reconstruction

Why Unity Bank had a share reconstruction

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Emple
nlng
first bank
Zenth Bank








DUNS

Recent News

  • NITDA signs agreement with Japanese consortium to build Abuja startup hub  
  • Oyo Govt approves N63.4 billion to renovate Government House 
  • NDLEA to establish full-scale drug control operations at Benin Airport 

Follow us on social media:

Recent News

NITDA signs agreement with Japanese consortium to build Abuja startup hub  

NITDA signs agreement with Japanese consortium to build Abuja startup hub  

June 18, 2025
Oyo State to upgrade primary health centers to 24 hours medical centers

Oyo Govt approves N63.4 billion to renovate Government House 

June 18, 2025
  • iOS App
  • Android App
  • Contact Us
  • Home
  • Markets
  • Sectors
  • Economy
  • Business News
  • Financial Literacy
  • Disclaimer
  • Ads Disclaimer
  • Copyright Infringement

© 2025 Nairametrics

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Social Media Auto Publish Powered By : XYZScripts.com
No Result
View All Result
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Login
  • Sign Up

© 2025 Nairametrics