Central Bank of Nigeria × 2020 ×
Big Data and Inflation Forecasting in Nigeria: A Text Mining Application1
This study explores the usefulness of public sentiments obtained using machine learning methods to improve the predictive power of the existing short-term inflation forecasting model (STIF) in Nigeria. Findings indicate that, for all components of inflation, models that include t…
Implications of the African Continental Free Trade Area for Nigeria’s Economic Growth
The objective of this paper is to examine the effect of intra-African Trade on Nigeria’s economic growth from 1981 to 2019. To achieve this, the ARDL modeling technique is employed to investigate the short-run and long-run effects of intra-African trade on Nigeria’s economic grow…
Microfinance Sustainability in a Digitalised Economy
The study examines microfinance sustainability in a digitalised economy using a panel dataset of 1,314 microfinance banks in Nigeria spanning 2012 to 2020. The results show that digitalisation poses significant threats to microfinance sustainability in Nigeria. The industry prese…
Twin Deficits in Nigeria: Where Does the Exchange Rate Fit?
This study investigates the twin deficits hypothesis for Nigeria while accounting for the role of exchange rate. The study utilises annual data series spanning 1981 to 2019 and the ARDL modelling technique for the estimations. Among other findings, the study reveals the existence…
Fiscal Policy and Macroeconomic Stability in Nigeria: How Effective are Fiscal Rules?
The paper examines the impact of fiscal rules on macroeconomic stability in Nigeria. Using data spanning 2005Q1-2021Q4, the study adopts the Autoregressive Distributed Lag (ARDL) approach and constructs output volatility to account for the role of gross fixed capital formation (G…
Public Debt Sustainability Measures and Its Growth Implications for the Nigerian Economy
This study utilises the linear and nonlinear autoregressive distributed lag (ARDL) models to investigate the impact of public debt sustainability measures and its growth implications for the Nigerian economy from 1981 and 2021. The results suggest that public debt-to-oil revenue…
CBN Economic Report for Second Quarter 2023
The Central Bank of Nigeria Quarterly Economic Report is designed for the dissemination of financial and economic information on the Nigerian economy on current basis. The Report analyses developments in the financial, fiscal, real and external sectors of the economy, as well as…
October 2023 Monthly Economic Report
The Central Bank of Nigeria Economic Report is designed for the dissemination of financial and economic information on the Nigerian economy on current basis. The Report analyses developments in the financial, fiscal, real and external sectors of the economy, as well as internatio…
Forecasting Real GDP Growth Using a Dynamic Factor Augmented Mixed Data Sampling (FAMIDAS) REGRESSION
This study used the FAMIDAS regression method to predict Nigeria's real GDP growth and its components (oil and non-oil GDP). It employed the PC approach to handle the dimensionality of explanatory variables, reducing them into two groups of monthly and quarterly PCs. These groups…
FINTECH Evolution and Development in Nigeria
This study relied on descriptive analysis of secondary data obtained from the CBN database to examine the evolution of Nigeria's Fintech ecosystem and identify its gains and challenges. furthermore, the experiences of selected countries were studies to draw lessons and pinpoint p…
Quarterly Statistical Bulletin Vol 12, No 2, June 2023 – Statistical Tables
Quarterly Statistical Bulletin of the Central Bank of Nigeria comprises monthly and quarterly statistics tables across the four macroeconomic accounts - the monetary and financial sector; the fiscal sector; the real sector and the external sector. | Keywords: money supply, foreig…
CBN Update - August 2023
Financial Markets Department 2023 Half-Year Activity Report, 2023
CBN Bullion Volume 49 No 3 July-September, 2023
Economic and Financial Review Volume 61 No. 3 September 2023
The Economic and Financial Review (EFR) is a quarterly publication of the Research Department of the Central Bank of Nigeria. The Review contains research articles undertaken at the Bank and from other contributors, mainly on policy issues both at the macroeconomic and sectoral l…
Monetary Policy Review (August 2023)
Keywords: Monetary Policy Review
Nigerian Treasury Bills (NTBs) Issues Calendar Q4 2023
CBN Bullion Volume 47 No 2 April-June, 2023
CBN Update-July 2023
The July 2023, Edition of CBN Update | Keywords: CBN Update, Pub
CBN Update-June 2023
CBN Update, News | Keywords: CBN Update, News
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