FBN Capital signs pact on research with OBG
A report issued by the global publishing firm, Oxford Business Group (OBG), will examine the Central Bank of Nigeria’s monetary policy, reviewing the country’s recently revised foreign exchange policy alongside broader efforts by the government to stimulate growth.
The Report titled: “Nigeria 2016,” included analysis of the country’s new floating foreign exchange policy enacted in June by the central bank. The decision to allow the naira to float marked a turning point from a previous policy, which in the face of dwindling reserves had led to a widening gap between official and black market exchange rates for the naira against the US dollar.
The OBG would also look at the impact of the measures on the domestic supply chain and assess the ramifications for bond trading and liquidity in the Nigerian market. Other topics that the publication covered included the central bank’s efforts to curb inflation.
Lolade Sasore, the head of marketing and corporate communications at FBN Capital, said: “Oxford Business Group is a recognised and respected source of business intelligence, and we are quite pleased about the collaboration. We are committed to working with strong partners to provide credible information, analysis and perspectives which will support decision-making and encourage investment into the country in the long term.”