CBN’s rate hike, Trump’s tariffs unchanged Naira’s fortune in the black market
The Nigerian currency showed strength in the official currency market but remained lukewarm in the black market following the CBN’s ...
Tag: Cash Reserve Ratio
Three MPC members vote to retain interest rate at 26.25% during July meeting
At least three members of the Monetary Policy Committee (MPC) voted to retain the Monetary Policy Rate (MPR) at 26.25% ...
“Why I support higher interest rates in Nigeria” – Cardoso
Olayemi Cardoso, the Governor of the Central Bank of Nigeria (CBN), has emphasized the necessity of maintaining higher interest rates ...
Naira stays stronger at black market amid a mixed bag of U.S economic data
The Nigerian naira held its value against the US dollar in the black market, but it slightly declined in the ...
CBN sequesters N321.6 billion from banks in new CRR Debits
Information gathered by Nairametrics reveals about 17 banks had their vaults debited by the apex bank in CRR sequesters.
CBN imposes fresh CRR debits on banks to the tune of N118 billion
These debits have inevitably tightened liquidity in the banking system and bankers are complaining.
Some experts are uncertain of what to expect from money markets in H2 2020
In the meantime, liquidity in the Nigerian banking system is said to be below N100 billion
CBN debits banks another N459.7 billion for failure to meet CRR target
Sadly, this move, in addition to similar policies by the CBN, has left many banks cash-strapped and unable to pursue ...
Nigeria’s Foreign Portfolio investment to crash by $11.4 billion in 2020- IMF
The liquidity based indicators of the nation remain a concern, as they make Nigeria’s low debt-to-GDP ratio highly vulnerable to ...
Possible impacts of last week’s CRR debit on banks’ balances by the CBN
Many bankers and analysts were taken by surprise when, on the 24th of April, the CBN debited 29 commercial banks ...
