The Economics of Printing the Naira
This article explains why the idea of printing more money is unfounded given the state of the Nigerian economy.
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Why the Central Bank of Nigeria will Devalue the Currency in 2020
With the Coronavirus outbreak having its toll on business and economic activities, recently released trade figures as well as policies not having their desired effects, we believe that there will be an unexpected naira devaluation in 2020. This is why we explained our reasons in this article.
Nigeria Has Both Debt and Revenue Problem
This research article aims to provide answers to the differences in analysts opinions on Nigeria having a debt problem or revenue problem by providing trend analysis of debt servicing in Nigeria, as well as compare debt services with capital expenditure over the period. It concluded by examining the budgeted revenue and actual revenue in 2018 to come about a conclusion on whether Nigeria has a debt problem or revenue problem.
The Many Faces of the 2018 Agricultural Intervention Initiatives of the Central Bank of Nigeria
In 2018, a total amount of N320.39 billion was injected into the agricultural sector as part of the CBN intervention to create a diversified economy backed up by sustainable development as well as create employment opportunities. Since the inception of all the agricultural schemes however, a total sum of N1.04 trillion has been injected by the CBN (through 6 agricultural initiatives) into the agricultural sector of which only 42% has been repaid by the beneficiaries since inception valued at N436.66 billion.
Analysis of the Operations and Performance of MTN Nigeria and Airtel Nigeria as at September 30, 2019
This analysis takes into consideration the operations and performance of the two Telecoms companies- MTN and Airtel listed on the Nigerian Stock Exchange. In this analysis, insights into the operations of the two companies in Nigeria are provided as well as review into their Financial performance for the period ended September 30, 2019.
Demystifying Nigeria’s Conscious Attempt to Keep a Low Debt Profile as Debt Servicing Becomes Worrisome
This research compares the debt figures with global thresholds as well as with the key debt management framework of the Debt Management Office so as to know the debt path of the country going forward.
Average Official Exchange Rate Increases by 132% in 14 Years; External Reserve Grew by 51%
From 2005 to 2018, the average rate of exchange has increased by 132% while the external reserve increased by 51% from $28.3bn in 2005 to N42.6bn in 2018. This shows that the change in both exchange rate and external reserve is not proportional and whenever there is a decline in external reserve, the CBN tends to devalue the naira much more than the decline in external reserve.
All You Need to Know about Loan to Deposit Ratio of the CBN Aimed at Banks to Lend More Money to Customers
The CBN on July 3, 2019 passed a circular to the commercial banks to mandating them to maintain a Loan to Deposit Ratio (LDR) of 60% by September 30, 2019. Failure to do so will attract an additional Cash Reserve Requirement equal to 50% of the lending shortfall of the target LDR.
Download 2018 CBN Statistical Bulletin- Real Sector
Download Nigeria’s Real Sector Statistics from 1981 to 2018.
Download 2018 CBN Statistical Bulletin- Financial Sector
Download Nigeria’s financial sector data from 1981 to 2018.