Daily Archives: January 28, 2020

  • Surprise hike in the Cash Reserve Requirement

    What are the open market operation (OMO) bills of the Central Bank of Nigeria (CBN) for? And who are they for? We received some new answers last week. The OMO market is much larger than a liquidity management system might require, and serves as a means for foreign investors to enjoy Naira interest rates. Last …

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Year Ahead-Re-risking the financial system

Year Ahead 2020: Re-risking the financial system

Oil prices: In a global oil market threatened with over-supply, it appears that OPEC, and its ally Russia, are doing a good job of limiting production.