C’Lawrence feels concerned that the CBN’s new minimum capital requirement is driving Nigerian Banks to significant exposure to Dollarized obligations and hard currency costs

And Goes: “This desperation to raise capital from international markets to meet Central Bank’s new minimum capital requirements may be pushing these banks towards FX risk buildup that could significantly weaken them in the future.  Read More

15/04/2024

 By C’Lawrence

38

C’Lawrence learns in the news that Central Bank of Nigeria, CBN has lifted fx ban on the 43 items it formerly made ineligible for official forex

And Goes: “I believe it’s in line with the CBN’s rate unification goal, as it could reduce the pressure on the parallel market. This should move much of the forex demand for the 43 items to the investors and exporters window, if well managed with the needed increment of Forex supply to the window. Read More

18/10/2023

 By C’Lawrence

89

C’Lawrence Delivers His Newest Roofing Project In Accra, Ghana

And Goes: ” Roofing masterpiece as usually delivered by GRDC Roofing. Call us for your roofing in Ghana using Eurotiles stone coated roofing sheet on +233257591096 or in Nigeria using Metrotiles on +2347065925547 Read More

02/07/2023

 By C’Lawrence

78

C’Lawrence Delivers The Roofing Woodwork For His Newest Roofing Project In Accra, Ghana

And Goes: ” Classy and delivered by the GRDC Team. Call us for your roofing in Ghana using Eurotiles on +233257591096 or in Nigeria using Metrotiles on +2347065925547 Read More

29/06/2023

 By C’Lawrence

55

Afreximbank President, Professor Benedict Oramah Addresses Attendees At 30th Anual Meetings Of The Bank In Accra, Ghana

And Goes:  “… (Pan-African Payment Settlement System, PAPSS) will also expedite and enable payments for intra-african trade in African currencies. Read More

21/06/2023

 By C’Lawrence

16

The New Unification Of Forex Windows In Nigeria Effectively Devalues The Naira, C’Lawrence Observes

And Goes:  “All foreign inputs to manufacturing in Nigeria has now become way more costly for companies that used to access Dollar on the I&E window. Read More

16/06/2023

 By C’Lawrence

23

News Has It That Central Bank Of Nigeria Is Floating I&E FX Window, And C’Lawrence Looks At The Other Side Of The Much Needed Change

And Goes:  “Now that crude swap is ending and NNPCL has to buy Dollar at market rates, expect even higher prices of fuel and  Read More

14/06/2023

 By C’Lawrence

24

Prices Of Chinese Goods In Africa May Go Lower As Chinese Unemployment Rises And Wages Stagnate

Details:  As demand falls in China as a result of low job security and rising unemployment, Chinese manufacturers may have to reduce prices to sell more goods in Africa, to make up for slowing domestic demand. Read More

12/06/2023

 By C’Lawrence

27

Create Reality: BullSeaker Learns on Bloomberg TV That UBS Has Completed The Takeover Of Troubled Credit Suisse

And Goes:  “Oh dear, how the mighty has been eaten.  Read More

12/06/2023

 By C’Lawrence

12

News Has It That The Central Bank Of Nigeria Governor, Mr Godwin Emefiele Has Been Suspended By The President

And Goes:  “Replaced by the Deputy Governor, Mr Folashodun Adebisi Shonubi on acting capacity. Read More

10/06/2023

 By C’Lawrence

4

C’Lawrence Struggles To Understand The Effectiveness Of Policy Rate Increment As A Tool To Combat Inflation In Import-dependent Economies

And Goes: “In a time of strong Dollar, what really is in the tools bag of an import-heavy economy’s central bank that could work against Imported inflation? Read More

02/06/2023

 By C’Lawrence

14