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.

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

Related

 

The Budget, Fiscal Policy And Service Delivery

The paper discusses the Macroeconomic impact of budget and its process and how to achieve an efficient and timely budget cycle.

Public Debt In A Growing Economy And Implications For The Nigerian Case

The paper analyses the impact of public debt on an economy using Nigeria as case study and identifies steady states in the model of a closed economy.