Nigeria
Fears rise over breakdown in Basel and IFRS standards
Bretton Woods institutions worried about growing divergence in capital and accounting standards as credit impairment tsunami looms; US and many emerging economies skirting the rules
Nigeria slashes rates by 100bp
Central bank thinks stimulus package can still prevent the economy from entering recession
Nigeria gets $3.4 billion IMF support
IMF calls for more donor support but warns over possible misuse of aid
The Belt and Road Initiative 2020 Survey – A more sustainable road to growth?
The third annual Belt and Road Initiative (BRI) survey reveals that central banks view BRI investment as sustainable compared with other forms of external debt, particularly given it is often proportionally less significant. Despite growing global trade…
Nigerian central bank announces emergency measures
CBN will fund healthcare expansion and guarantee loans, and says currency will not be devalued
People: Nigeria and Latvia gain deputy governors
Bank of Israel says new bank supervisor will encourage technological innovation
Ghana’s Addison on banking reform, innovation and the future of the eco
The Bank of Ghana governor speaks about the next steps in banking reform and why West Africa may need more time to start using a common currency
People: Trump nominates Shelton and Waller to Fed posts
Judy Shelton and Christopher Waller nominated as Fed governors; Kingsley Obiora in line to be Central Bank of Nigeria deputy; Jill Forde named BIS head of communications
Nigerian central bank levies $1.3 billion on banks
Banks were fined over the failure to increase lending to 60% of deposits, say local sources
People: Riksbank appoints new executive board member
Swedish central bank promotes Cecilia Skingsley to first deputy governor; FCA appoints three new board members; Nigerian president appoints former deputy governor as special adviser
Cash increasingly used as store of value – BIS report
Cash “still king”, BIS authors say, but electronic payments are taking a bigger share of transactions
Nigerian president tells central bank to stop funding food imports
Consequences of Buhari’s order are unclear but Nigeria imports large quantities of food
Central Bank of Nigeria holds rates and pushes for lending boost
CBN governor also announces new protectionist policy
Nigerian central bank pushes for increased lending
Banks must lend money or face higher cash reserve requirements
Nigerian governor unveils five-year plan
Emefiele makes ambitious growth promises and pledges better payments system and credit supply
Nigerian president nominates Emefiele for second term as governor
Governor has been most important figure in Nigerian economic policy for last five years
The IFF China Report 2019
Insight and perspectives from the world's leaders, premier policy-makers and financiers
The IFF China Report 2019: The Belt and Road Initiative
Over the past five years, China has invested more than $70 billion in Belt and Road Initiative (BRI) countries, of which there are now in excess of 100. Leading Chinese and international policy-makers explain how BRI efforts are progressing. This section…
Nigerian central bank cuts rates as governor’s future remains unclear
Pressures on emerging markets are major factor behind rate cut, MPC says
Central Bank of Nigeria funds post-graduate economics centre at university
President praises CBN’s “huge investments” in economy as rival pledges change of governor
Nigerian central bank to set up national micro-lender
Leading presidential candidate says he will not give governor a second term
Nigerian central bank in $8 billion court battle with telecoms company
South African firm says central bank’s demand over alleged breach of forex rules is “illegal”
African banks should adopt Nigerian regulatory model – Zimbabwean official
Foreign and domestic banks need uniform regulatory approach, official tells conference
Nigerian central bank demands repatriation of $8 billion
CBN says South African firm and local banks illegally transferred funds outside country