eNaira- Yay or Nay? In a recent press statement, the Central Bank of Nigeria (CBN) stated its plans to launch its Central Bank Digital Currency (CBDC) pilot scheme called the eNaira on 1 October 2021 with Bitt Inc, a financial technology company that utilises blockchain and distributed ledger technology to facilitate secure peer-to-peer transactions, as …

Summary Opening market liquidity was reported at NGN445.4bn on Friday (03 Sep ‘21). Overnight and repo rates closed within a range of 10.0-13.5%. The secondary market for NTBs was relatively active. As a result, the average NTB yield declined by 34bps over the week to close at 4.6%, while the average yield for OMO bills …

A new economy, a digital one fueled by technological innovation, is emerging and the COVID-19 pandemic has only accelerated this technological transformation, bringing about changes in work, skill requirements, work tools and work relationships. There were concerns preceding the pandemic about the continuity of certain jobs, which have deepened as a result of the COVID-19 …

The NBS has released its August inflation report to show – Headline rate 17.01% y/y (17.38% in July): Core rate 13.41% y/y (13.72%); and Food rate 20.30% y/y (21.03%).   August’s headline reading declined by 37bps (when compared with the previous month) to 17.01% y/y. Food inflation also recorded a decline (of 73bps). The highest …

The concept of investing broadly covers the purchase or creation of assets with the use of funds or capital in order to obtain a return on the investment, also known as capital gain. It entails the purchase of a financial product with an expectation of favourable future returns. Investment assets comprising equities, fixed income instruments, …

The book – Who moved my cheese by Dr. Spenser Johnson – is both a literal masterpiece and is indisputably relevant in modern leadership and business strategy. It is a tale of four characters who lived in a maze and their love for cheese. The lessons hidden in the stories have resonated in corporate board …

The business environment has witnessed a major shift heightened by the COVID-19 pandemic which has compelled organizations to be more dependent on technology. With most businesses moving to the cloud and going digital, risk management approaches cannot remain the same. The question becomes, what is the role of risk intelligence in the emerging and dynamic …

History has been a remarkably trustworthy guide to the patterns of wealth movement. Over time, the concentration of wealth has always been within the facilitators of industry. As the steam engine ushered in the industrial revolution, the world saw the rise of the industrialists and oil barons whose legacy then shaped the energy sector  as …

The global equity capital market has been reacting to the infusion of significant cash investments – $83billion in 2020 and over $53billion in the first two months of 2021, according to data compiled by Accelerate Financial Technologies Inc. If the current pace continues, over $300billion could be raised in 2021. These investments have primarily been …

In the banking system, liquidity is often referred to as the ability to fund increases in assets and meet the withdrawal of maturing liabilities at a reasonable cost. However, in this paper, we will dwell on the Central Bank of Nigeria’s (CBN) liquidity management of the financial system.