Coronation Research Nigeria Weekly Update:The public and the private sectors

Coronation Research Nigeria Weekly Update:The public and the private sectors

As we come to the end the first half of 2019 Nigeria’s monetary authorities can give themselves a pat on the back. FX reserves are high and interest rates are 300bps lower than at the end of the year. However, the entire public sector is small fry compared with the private sector. See page 2.

FX

The Central Bank of Nigeria’s (CBN) FX reserves are currently reported at (a three-month moving average of) US$45.09bn.

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