Monthly Archives: October 2015

Nigeria’s FX market: Order driven vs. quote driven?

I’ve been reading up about financial market architecture these days as part of preparation for some exams and began trying to connect the stuff I’m reading with one market that has been in the news recently. In ejecting Nigeria from its emerging market government bond index (EMGBI), JP Morgan cited the lack of transparency and […]

Excerpts from the September 2015 MPC

At the last MPC, the Central Bank of Nigeria voted to cut reserve ratio requirements by 600bps to 25%. My favourite MPC character voted in the minority and here’s his view. 5.0 GARBA, ABDUL-GANIYU Context of Decision The greatest danger to economies (large, emerging and small) in the post-2007 global economy is the risks posed […]

Great Expectations

After much ado about #TheList which involved several airborne trips, baton changing, false alarms over its delivery, President Muhammadu Buhari kept his promise to deliver names of his ministers to the National Assembly. Anticipation over the list has reached stratospheric levels as indeed has been nationalistic fervor in recent days, as driving through the streets […]