Im in ketu

O Lord have mercy on 9ja

when the economics guru decide to tackle Nigeria's economy problem with laws and principles in economics when the conditions in Nigeria doesn't even obey the simple laws of demand and supply.
sorry is the case...

Wow

In this life learn to be independent. Please don't trust anyone no matter how friendly the person might be.Human beings are very unreliable,even the best person you lay your trust can be the person that might hate you. No matter how friendly a person is pls dont lay down you trust in him/her. seriously this adage that goes like this "THE DEVIL U KNOW IS BETTER THAN THE ANGEL YOU DON'T KNOW". Is really true.

Wait a minute. Is this interest rates mandated on loans you get from banks or interest on your savings/deposits in banks.

Godwin Emefiele... Kontinu...

Hmmm

make inflation reduce small. oshey

This is stupidity.

Hmmm...

Waiting for arm chair Nairaland economists to analyse the import of the policies to the common man.

Wailers are welcome. This is democracy.

Economists should help out here. How does this pan out for the common man on the streets?

This new policy may have positive and negative effects.
Firstly,
If the reserve requirement is raised, banks will have less money to loan out and this effectively reduces the amount of capital in the economy, therefore lowering the money supply. It will mean less money for investment and spending, and would stunt the growth of the economy. It would also mean that banks earn less interest and could see their share prices fall. Lowering the reserve requirement will have the opposite effect; banks will be able to lend more which would increase money supply and stimulate economic growth.

Secondly,
Raising reserve requirements can cause an increase in currency value because when banks are restricted in the amount that they can lend out, they may charge borrowers a higher rate of interest. This is bad news for borrowers, but good news for savers who can benefit from a higher rate of return on their savings. If more capital enters the economy to benefit from those higher interest rates, the value of the currency is likely to increase.

I don't know if we're to smile or cry or do both. I don't want to hear that there was a country. God help us!

wetin dey wan tight again.....d economy bin dey tight or dem no wan mk i see money chop morning "okpa"


chaii buharii

What are the merits and demerits?

Okay oooo

Will this change affect interest rate on fixed deposit?

This will discourage investments and entrepreneurship as those looking for loans to set up businesses will be greatly affected.

Economist in the house should kindly explain the Good and Bad side of this policy

Bad

which kind year be this... no single relief news since this yr

.

Dharniel:
inflation, where is the inflation?
Emefiele no sabi as e dey go at all

But it was ur phd holder GEJ that appointed him

Trust nairalander to avoid this thread . Mpr was reduced we no see effect. Bank loans were still 22-24% . Mr Godwin d green tie man is confused abeg

It won't have any effect. Trust me

The current price level won't adjust with this policy of yours.

I didnt understand what i jst read now. Help plz

Money no dey anywhere, u still de tighten liquidity to create more scarcity.
Anyway, what do I know?
Nigerians are in CHAINS sorry, CHANGE

Where are all of our economist

Which other inflation pass the high jump abi na pole vault wey dollar dey do? Money no dey money no dey dem still dey tighten belt.

dfrost:
Economists should help out here. How does this pan out for the common man on the streets?

Errm. Let me help small before they come:

Banks won't be using more of your money to trade and make money for themselves..They will learn how to save too (CRR increased to 22.5% from 20%)

CBN will charge this when they lend to banks, so therefore, banks would fire it down to the layman.. In other words, go and look for your own money, and leave them alone (MPR increased to 12% from 11%)

If you by mistake check google and see that your bank's liquidity ratio (money to pay igbese) is below 30%, sharply go close your account. Them no get money to show off like that (Liquidity ratio at 30%)

Hope this helps.