FBN Capital Signs MoU With OBG For Research On CBN’s Monetary Policy | Independent Newspapers Limited
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FBN Capital Signs MoU With OBG For Research On CBN’s Monetary Policy

Posted: Jul 13, 2016 at 2:50 am   /   by   /   comments (0)

Bamidele Ogunwusi


 FBN Capital has signed a first-time memorandum of understanding (MOU) with Oxford Business Group (OBG) for the publishing firm’s forthcoming report.

The report 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: Nigeria 2016 will include analysis of the country’s new floating foreign exchange policy, which was enacted in June by the central bank. The decision to allow the naira to float marks a distinct change from 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.

OBG will 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 will cover include the Central Bank’s efforts to curb inflation, which remains above 9%.

Meanwhile, FBN Capital will serve as a research partner for the next three editions of The Report: Nigeria, the company will work closely with OBG’s team to support coverage on Nigeria’s key financial, economic and monetary issues. FBN Capital will also be responsible for compiling and producing the Capital Markets Shares Analysis of The Report: Nigeria 2016.

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, analyses and perspectives which will support decision-making and encourage investment into the country in the long term.”

OBG’s country director in Nigeria, Izabela Kruk, said that with 2016 expected to be a significant year for Africa’s largest economy, FBN Capital’s contribution to the Group’s forthcoming publication was particularly welcome.

“The Report: Nigeria 2016 comes at a pivotal point in the country’s development, with efforts to diversify the economy taking on added urgency due to lower global oil prices,” she said. 

“FBN Capital is playing an active role in helping Nigeria to broaden its economic base and reduce its reliance on hydrocarbons and their deep knowledge of the local market will help further expand our coverage of Nigeria’s key financial sectors.”

The Report: Nigeria 2016 will be a vital guide to the many facets of the country, covering a range of sectoral developments in oil, industry, infrastructure, banking and telecoms, among others. Oxford Business Group’s report will also contain interviews with leading representatives from the public and private sector, and is being produced in collaboration with the Nigerian Economic Summit Group and the Nigerian Investment Promotion Commission. The publication will be available in print and online.