Central Bank of Nigeria

Dollar and Sovereign Debt Yields Lower, while Equities Rebound

November 22, 2022

The dollar  fell overnight  by 0.8% against the Swiss franc, 0.5% versus the yen and sterling and 0.3% relative to the euro, Aussie dollar and loonie. Ten-year sovereign debt yields dropped six basis points in the U.S., four bps in the U.K. but just a basis point in Germany. The DOW and S&P 500 are […] More

Nigerian Policy Rate Increase Also Greater than One Percentage Point

September 27, 2022

The policy interest rate of the Central Bank of Nigeria was hiked by 150 basis points to 15.5%, the highest level in over a decade and a half. The rate had been reduced by 200 basis points in 2020. Three increases this year since May total 400 basis points. CPI inflation of 20.5% last month […] More