FBN Cap­i­tal signs pact on re­search with OBG

Daily Trust - - BUSINESS - From Mo­hammed Shosanya, Lagos

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.”

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