Articles |
How Does Monetary Policy Affect Economic Growth?The central bank tries to maintain price stability through controlling the level of money supply. Thus, monetary policy plays a stabilizing role in influencing economic growth through a number of channels. However, the scope of such a role may be limited by the concurrent pursuit of other primary ob [Read more]
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Posted: 13 years ago | |
What are the Instruments of Monetary Policy?
Fiduciary or paper money is issued by the Central Bank on the basis of computation of estimated demand for cash. Monetary policy guides the Central Bank’s supply of money in order to achieve the objectives of price stability (or low inflation rate), full employment, and growth in aggregate [Read more]
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Posted: 13 years ago | |
How Does The Central Bank Decide the Appropriate Setting for its Monetary Policy Instruments?Monetary policy affects all aspects of our economic and financial decisions-whether to buy a car, build a house, start up a business or to expand the existing one, whether to send one’s child to school or to make the child learn a trade. Monetary policy tries to influence the performance of th [Read more]
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Posted: 13 years ago | |
The Interest Rate Effect - Central Bank of Nigeria (CBN)The Interest Rate Effect: The Central Bank of Nigeria (CBN) may decide to make a change in the Minimum Rediscount Rate (MRR). The MRR is the official interest rate of the CBN, which anchors all other interest rates in the money market and the economy. CBN’s decision on the MRR affects the leve [Read more]
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Posted: 13 years ago | |
What is Inflation and Why Must the Central Bank Fight Hard to subdue this Monster?A. What Is Inflation? - Inflation is one of the most frequently used terms in economic discussions, yet the concept is variously misconstrued. There are various schools of thought on inflation, but there is a consensus among economists that inflation is a continuous rise in the prices. Simply put, i [Read more]
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Posted: 13 years ago | |
CBN’s Disclosure Requirements For Bank: The FactsOf the four-point agenda stressed by the Governor, Central Bank of Nigeria, Mallam Sanusi Lamido Sanusi, on assumption of office, the need to strengthen regulation and supervision through enhanced disclosures by financial institutions, stands out clearly. This was sequel to the backdrop of the CBN&r [Read more]
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Posted: 13 years ago | |
Nigeria Intensifies Protection to Grow Its Sugar SectorThe Government of Nigeria has banned imports of packaged sugar, granulated and in cubes, beginning January 2013. Nigeria’s Trade and Investment Minister, Dr. Olusegun Aganga, said this was in line with the Nigerian Sugar Master Plan which aims at achieving self-sufficiency in the country&rsquo [Read more]
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Posted: 13 years ago | |
Nigeria Introduces Levy on Wheat GrainReport Highlights: Effective July 20, 2012, the Government of Nigeria (GON) introduced a 15-percent levy on wheat grain imports resulting in an increase of the effective duty from 5 percent to 20 percent. The GON also introduced a 65-percent levy on wheat flour imports to increase the effective duty [Read more]
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Posted: 13 years ago | |
Agricultural Biotechnology Annual Report for NigeriaReport Highlights: The Nigeria Senate passed the Biosafety Bill into law on June 1, 2011. However, one year after the President is yet to sign it into law. The law leans heavily on the precautionary approach and requires certification and mandatory labeling for imports of all products of biotechnolo [Read more]
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Posted: 13 years ago | |
Gain Report - Nigeria: Grain and feed annualReport Highlights: Although Nigeria dropped from the number one export destination in the world for U.S. wheat in MY2010/11 to third position this year, it remains the most consistent and loyal customer. Sales as of April1 are a record 3.5 million tons, up from 3.3 million tons last year. Consumptio [Read more]
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Posted: 13 years ago |