Macros
Macroeconomic data from Nigerian.
Old naira is responsible for CBN’s ineffective monetary policies – Expert
Delays in the redesign caused 80% of the currency in circulation to be outside the bank
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DMO raises N269.2 billion at interest rates above 14%
The debt instrument for November saw a total subscription of N344.01 billion as against the initial offer of N225 billion
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UK inflation hits 41-year high of 11.1%
Inflation would have been 13.8% had the government not introduced an energy price guarantee that limited the increase
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Amid $151.3 billion public debt, here are Nigeria’s largest creditors
Nigeria owes $151.3 billion worth of public debt as of June 2022
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Nigeria’s inflation rate accelerates to 21.09% in October 2022
The highest increases in the core basket were recorded in prices of gas, liquid fuel, passenger transport by air, solid...
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Fitch downgrades Nigeria’s credit rating to near Junk status
Nigeria is now rated six notches above default, and on par with Ecuador and Angola. According to a Friday statement,...
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Naira Redesign: Lessons from India’s 2016 demonitisation policy
The International Monetary Fund (IMF) recently urged the Central Bank of Nigeria (CBN) to apply caution in its bid to...
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Naira Redesign: IMF calls for caution
The naira suffered a historic plunge to N775/$ on Friday, two days after the CBN announced it was redesigning the 200, 500, and...
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Moody’s downgrades Nigeria’s local and foreign currency ratings
In further explaining the rating decision, Moody appears to have referenced recent comments by Nigeria's minister of finance that the...
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CPPE says CBN financing of the fiscal deficit caused Nigeria’s high inflation
According to the CPPE, Nigeria is suffering from an "Inflation Tax" caused by the CBN
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