Central Bank of Nigeria has said that the Interbank (bank-to-bank) lending transactions in the money market declined to N25.4 trillion in the first half of the year, H1’22.This is about 2.5 per cent Year-on-Year, YoY, Read More
Date from the Central Bank of Nigeria has shown that the apex bank injected $11.24 billion into the economy to stabilise the value of the naira from January 2022 to July.This was contained in the banking Read More
Data from the Central Bank of Nigeria has shown that the foreign exchange flows through the economy fell year-on-year (YoY) by 36 per cent to $17.4 billion as of July 2022.The increase was from $27.3 billion in the Read More
The Central Bank of Nigeria has disclosed that the Federal Government has borrowed N6.31trillion through Ways and Means Advances in 10 months.This has pushed the Federal Government’s borrowing from the CBN from N17.46 Read More
According to the National Bureau of Statistics, the contributions of telecommunications to the nation’s real Gross Domestic Product increased by 10.52 per cent year-on-year.This increase was to N7.28 trillion in the first nine months Read More
Nigeria experienced the worst flooding occurrences the West African nation has seen in decades. This report amplifies the numbers reported by authorities that suffered the impacts. Lawrence Office, 37, a father of three children was displaced Read More
According to the National Bureau of Statistics, the tax burden on Nigerians in the first nine months of 2022 increased by N285.13 billion.Nigerians paid N2.01 trillion as indirect taxes in the period under review, a 16.57 Read More
According to data in the Central Bank of Nigeria Money and Credit Statistics for October 2022, Banks’ credit to the economy rose year-on-year (YoY) by 33 per cent to N63.47 trillion. This is an increase from Read More
The Central Bank of Nigeria has raised its Monetary Policy Rate by 100 basis points to 16.5%.This is an increase from 15.5% since May 2022. The MPR follows a continued rise in the inflation rate which hit 21.09% in Read More
The National Bureau of Statistics has disclosed that Nigeria’s Gross Domestic Product, GDP, fell quarter-on-quarter (QoQ) by 1.78 percentage points to 2.25 per cent in the third quarter of 2022 (Q3’22).This is a drop from Read More