Annual Report

August 31, 2017

CSEA ANNUAL REPORT

CSEA has continued in its tradition of providing rigorous and relevant evidence-based research that is used to inform policies in Nigeria. To provide timely and relevant evidence-based research on Nigeria‟s economy, the Centre established the Information and Data Management Unit (IDM). The main objective of this Unit is to collate qualitative and quantitative data and […]

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CSEA has continued in its tradition of providing rigorous and relevant evidence-based research that is used to inform policies in Nigeria. To provide timely and relevant evidence-based research on Nigeria‟s economy, the Centre established the Information and Data Management Unit (IDM). The main objective of this Unit is to collate qualitative and quantitative data and provide periodic analysis on Nigeria‟s economy. The unit consists of a Research Associate, Research Assistants and Communications officer. The team produces a weekly update of recent happenings in the economy under CSEA‟s thematic research areas.




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Nigeria Economic Update (Issue 39)

The monthly monetary survey by the CBN shows a decline in money supply for the month of August 2017, relative to July 2017. Narrow and broad money supply dropped by 4.2% and 1.5% to N9,891 billion and N21,851 billion respectively. The continuous monetary contraction witnessed over the past months may be associated with aggressive sale of treasury bills by the CBN through open market operations. This act is capable of mopping up liquidity in the economy, reduce loanable funds in the banking system, and constrain the easing of lending rates in the near term.