Share prices are paused. Company financials, news and lessons remain available.
Macro: Nigeria Net Liquidity (NNL) — the CBN version of WALCL − TGA − RRP
The Lab
Macro conditions and the day’s market — the context behind the chart. Every figure shows its source and date.
Nigeria Net Liquidity (NNL)
CBNReserve money − OMO bills: the naira the CBN has created, less what it has drained back.
The Monetary Policy Rate set by the CBN's Monetary Policy Committee.
Source: CBN · Money Market Indicators
Gross external reserves held by the CBN, in US dollars.
Closing rate in the Nigerian Foreign Exchange Market (NFEM), naira per US dollar.
Source: CBN · NFEM rates
Headline consumer price inflation, year on year, published by the NBS.
Source: NBS CPI, as published by the CBN
Real GDP growth, year on year (2019 base), published by the NBS.
Source: NBS · GDP report · entered by hand from the release
Each figure is the latest its source has published, so the dates differ: reserves and the exchange rate are daily, the policy rate and inflation monthly, GDP quarterly.