Browsing: CBN

CBN Attains Convergence around Multiple Foreign Exchange Rates

FCMB Reaffirms Plans to Grow Retail Business, Reduce Concentration

PMI: Sustain Contractions Foreshadow Economic Recession –Analysts. The sustained contraction of the Purchasing Managers’ Index (PMIs) for the third consecutive month in July 2020 forebodes an economic recession for the country, experts at Cowry Asset Limited have said.

Analysts Maintain Buy Rating on Sterling Bank, Set Price Target to ₦1.43

Nigeria’s 9% Foreign Currency Debt to GDP Remains Moderate -Fitch. Less Financing to Short-term financing Stress.External Reserve Projected to drop 40%. Low fiscal Revenue weakens Debt Sustainability

Ticking Debt Clock: How Much Can Nigeria’s Economy Absorb? Some Nigerians are worried about the rising debt profile amidst the…

CBN’s LDR, CRR Debits Diametrically Opposed Policies – Analysts Cardinalstone, a leading multi-assets investment firm, has explained that the Central Bank of Nigeria’s discretionary cash reserve ratio debits is diametrically opposed policies.

Resumption of FX Sales Could Renew Foreign Sell-Offs in Equity Market

We Worry About Efficiency of Access Bank Plc – Analysts. Equity research analysts at Cardinalstone Limited, an investment management firm, have expressed worry over efficiency of Access Bank Plc in financial year 2020.

CBN to Continue to Pressure Banks to Drive OMO Stop Rates Down. Nova Merchant Bank said it expects the Central Bank of Nigeria to continue to pressure banks to drive Open Market Operations (OMO) stop rates lower.