Nigeria
Nigerian governor says he may enter presidential election
Godwin Emefiele demands right to stay as central bank governor while campaigning in election
Digital money and central banks
Central banks must reflect on the monetary policy, regulatory and financial stability implications from crypto assets, stablecoins and CBDCs to stay relevant in the digital age of money
Nigerian governor says credit programme has boosted agriculture
Emefiele repeats warning on over-reliance on oil and says central bank has lent $2 billion to farmers
2021: The year in review
The year has seen central banks switch from recovery mode to battling inflation. Central Banking looks back at the stories that made the biggest impact in 2021
Podcast: an update on the e-naira project
Bitt’s Imran Khan explains how its project in Nigeria is different to CBDC projects launched before
Nigeria launches ‘digital naira’ pilot
Central bank issues $1.2 million in retail CBDC after clampdown on private crypto
Crypto asset transactions hit ‘macro critical levels’ – IMF GFSR
Crypto valuations “already systemic” in “many countries”, international rules "probably some time away", says IMF’s Adrian
Nigerian central bank will test prototype CBDC
“eNaira” will be tested in four cities, reaching a combined population of nearly 15 million
People: Former Malawi governor dies
RBNZ deputy governor departing; new appointments in Nigeria; and more
Nigerian central bank sacks board of third-largest lender
Central bank governor Emefiele says senior managers made large non-performing “insider loans”
People: IMF finance department director to retire
Third new board member at Colombia central bank; Nigeria appoints deposit insurance head; and more
Nigeria’s central bank unveils sandbox and QR guidelines
Both initiatives should help foster innovation within the payment space
Monetary unions in the making in Africa
EAC, Ecowas and SADC can adopt practical steps learned from EMU to prepare for their own currency unions
Nigerian central bank freezes protestors’ accounts
Central bank says it is carrying out routine investigation, but protestors say it is targeting them
Nigeria’s central bank implements financial inclusion strategy targeted at women
Central bank wants to close financial services gender gap by 2024
Nigerian central bank cuts rates despite rising inflation
Country faces falling output and rising prices as general strike vote increases pressure
Nigerian president tells central bank to change forex policy
Central bank defends industrial subsidies and says border has been closed to prevent smuggling
Nigerian central bank clamps down on alleged FX breaches
Local media reports bank accounts for 38 firms were blocked as currency remains under pressure
Covid-19 policy-making and the need for high-speed data
High-frequency data holds the promise of speed and adaptability, but the rush to find alternative economic indicators has the potential to create problems
Confusion over Nigerian central bank’s exchange rate policy
Finance minister says rates will be unified while reports say real value of currency is falling
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…