Review of Developments in the First and Second Quarters of 2018


Introduction; Domestic economy; Inflation; Exchange rate movement; External reserve movement; Capital market development; Money market development; CBN monetary policy; Circulars and guidelines issued by CBN

The Banking Sector recorded a number of developments during the first half of 2018. Amongst these were the periodic meetings of the Central Bank of Nigeria (CBN) Monetary Policy Committee (MPC). Other notable macroeconomic events included the growth of the real Gross Domestic Product (GDP) by 1.95% in Q1 2018 from 1.92% in Q4 2017; and the decline to 1.5% in Q2 2018.