Nigerian businesses, federal and state governments alike have historically tended to look abroad to fund large projects. Facts on the outstanding values of bonds, loans and equity confirm that Nigerian capital markets are thin, compared with the sub-Saharan African average; some segments have...

This piece addresses eight myths about Naira notes and coins. Namely:(i). Retailers round-up prices because of greed. (ii). Note-handling habits of 'market people' deface and mutilate Naira notes. (iii). Commercial banks are not doing enough to sort unfit notes. (iv). Larger denominations will...

This piece documents the facts of the supply-side recovery in Nigeria in the last few years and identifies the triggers. It then discusses the challenges the new turn of events pose to policy makers, who are only just responding to the previous downturn. Data that have become available since...

This piece presents data published by the Central Bank of Nigeria on currency, bank deposits and other financial assets, to enable us evaluate Professor Charles Soludo's 'banking reform proposals'. We show that Soludo's proposals emanated from his misconceptions on cash,...