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.

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Nigeria Economic Update (Issue 29)

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Portfolio Diversification Between Developed And Less Developed Economies

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