Browsing: Central Bank of Nigeria

Uncertainty mount over the Nigeria’s economic recovery as oil price dropped to $37.4 per barrel

Following  the Nigeria’s government plans to refinance proposed budget deficit with new borrowings estimated at ₦4.28 trillion

Foreign Exchange rates convergence seeks by the Central Bank of Nigeria

Substantial Naira Devaluation Inevitable to Unlock FX Liquidity –CHD. As the Central Bank of Nigeria’s planned foreign exchange (FX) intervention sales set to commence, Chapel Hill Denham has said that substantial naira devaluation is inevitable to unlock liquidity.

Banks’ Provisions for Retail FX Auction Could Pressure Funding Rates

Market Wrap: Inter-bank rates shaded at Low Single Digits. Interbank funding rates remained subdued at low single digits today, as financial system liquidity opened higher at ₦746 billion from ₦604 billion yesterday.

Regulatory Risks Cloud Outlook of Nigerian Banks – Meristem. Following the decision of the Monetary Policy Committee (MPC) to hold key macroeconomic parameters, including the cash reserve ratio, analysts have remarked that regulatory risks continue to cloud the outlook of the Nigerian banking sect

Some Policies of CBN Could Worsen Macroeconomic Imbalances – Analysts. Chapel Hill Denham’s analyst, Omotola Abimbola, has said in a note that some of the Central Bank of Nigeria’s policies could worsen macroeconomic imbalances.

FPI Scarcity: Analysts Estimate $7.8bn drops in External Reserves
FX Rates: ARM Securities sees limited downside risk in 2020
Analysts Anticipate Pressure on Nigeria’s FX Position
Foreign Investors Repatriation Risk to Impacts Inflow

Analysts Challenge CBN to Address FX Rates Confusion. Analysts at Chapel Hill Denham Limited have tasked the Central Bank of Nigeria to come clear and state applicable FX rates for official use across segments.