Nigeria - Financial Stability Report June 2016
Sep 30, 2016 | Central Bank of Nigeria | Central Bank of Nigeria
The June 2016 Financial Stability Report reviews developments in the global and domestic economies. In the first half of 2016, the continued slowdown in the domestic economy, coupled with sluggish recovery in the global economy, portended increased risk to the stability of the financial system. The trend of low oil and commodity prices which led to severe fiscal contractions and low accretion to external reserves continued to impinge on the stability of the exchange rate.