Macroeconomic Report & Economic Updates
October 4, 2016
Nigeria Economic Update (Issue 41)
The
naira continued its downward trajectory in the review week. Specifically, naira
depreciated significantly at the parallel segment by 3.5 percent to a record
low of N440/$ on September 23, 2016. Notably, this was driven by
the worsening liquidity constraints at the interbank market which left the
excess forex demand to be sourced at the parallel market, and thus exerted
downward pressure on the naira. The naira is likely to further
weaken given that most of the liquidity constraints are exogenously determined
and thus forex supply will likely remain subdued by its demand.
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Employment Choice And Mobility In Multisector Labor Markets
This paper examines employment choice and occupational
mobility using data from Ghana in a model that
incorporates capital market failure, credit constrained individuals and draw
self-employment capital from family asset.