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July 23, 2019

CBN Communiqué No. 125 of the MPC Meeting – July 22-23, 2019

The Monetary Policy Committee (MPC) met on the 22nd and 23rd of July, 2019, in an environment of subdued global growth and fragile domestic economic recovery. The Committee reviewed developments in the global and domestic macro-economy.

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July 23, 2019

NSEASI Inches Up By 1.21%; Closes Above 28,000bpts

Equities market closed today on a positive note, as NSEASI appreciated by 1.21% to close at 28,144.87 points as against 0.40% depreciation recorded previously. Its Year-to-Date (YTD) returns currently stands at -10.45%.

655 VIEWS

July 23, 2019

NSR H2 2019 (4) - EM Capital Flows - Break Out The Champagne

Rebounding from paucity of flows over H2 18, total net FPI flows to EMs more than tripled to $193.9 billion in the first half of 2019 (from a low of $65.1 billion in H2 18), with 77% ($148.7 billion) of the total flows channeled towards EM debt counters while equities ($45.2 billion) continues to account for a meagre share of the pie.

251 VIEWS

July 23, 2019

Sluggish Global Growth Calls for Supportive Policies

In our July update of the World Economic Outlook we are revising downward our projection for global growth to 3.2 percent in 2019 and 3.5 percent in 2020. While this is a modest revision of 0.1 percentage points for both years relative to our projections in April, it comes on top of previous significant downward revisions.

271 VIEWS

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