Macroeconomic Report & Economic Updates

August 5, 2016

Nigeria Economic Update (Issue 33)

The naira depreciated by 4.3 percent to a
record low of N313/$ at the interbank market segment on July 29, 2016.Precisely, the lack of liquidity in all FX market segments continues to weaken
the naira. In order to increase FOREX liquidity, moderate inflationary
pressures, encourage capital inflows and support the naira, the CBN may need to
increase the supply of FOREX in the interbank market while simultaneously
mopping up idle funds through the sale of securities.

Download Label
March 13, 2018 - 4:00 am
application/pdf
506.47 kB
v.1.7 (stable)

Related

 

Net Domestic Credit And Currency In Circulation (CIC):

Net Domestic Credit: Rising net credit to government and private sector have driven the upward trend in NDC, especially post-2008. In 2016Q1, NDC grew largely on the account of the rise in banking sec

Job Creation In Nigeria: Challenges, Opportunities And The Role Of Micro, Small And Medium Enterpris

This paper identifies the challenges of job creation in Nigeria and examines governments approach using the Micro, Small and Medium Enterprises to support Economic reforms.