Nigeria Economic Chart Park

Monetary Policy Rate

Monetary Policy Rate (MPR) (%)

Pushing up interest rate, post-2011

Cash Reserve Ratio (CRR) (%)

Public and private sector CRR unified in 2015

Monetary Policy Rate: The fluctuations in MPR reflect CBNs intermittent effort to promote growth, stymie inflation or incentivize capital flows. Particularly, the rise in MPR in 2016Q1 was effort to rein on double digit inflation and compensate investors for attendant losses in investments, at the time.

Cash Reserve Ratio: Public sector and private sector CRR was unified in March 2015 in response to unwholesome practices amongst banks which had adverse consequences for prudential management, liquidity and credit to the private sector. The unified CRR was raised at the end of 2016Q1, in an effort to tighten liquidity in the banking system and rein on inflation.



Export And Its Components

Export and its Components: In 2015 and 2016Q1, overall export earnings declined significantly to a record low of less than $3000 million in 2016Q1, as against the peak of above $10,000 million in 2008

Capital Importation And Budgetary Allocation (ITC)

Capital Importation: Given the positive outlook on the ITC sector in the past few years, investments in the sector reached a 10-year peak in 2014. However, the foreign investment fell marginally in 2

Net Foreign Exchange Flows Through The Nigerian Economy

Net Foreign Exchange Flows through the Nigerian Economy: The recent fall in foreign exchange earnings reflects the decline in both oil sector receipts from CBN, and non-oil sector inflows from autonom

CPI And Its Component And Premium Motor Spirit

CPI and its Component: Changes in inflation rate has mostly been driven by the Core sub-index component. Precisely, in 2016 Q1 and Q2, the rising cost of import, electricity and transport drove inflat