According to data collated from the third quarter earnings of the banks, Nine banks made a gross earning of N2.64tn in the first nine months of 2021.This is N132.64bn increase from what the Read More
Tags :CBN
The Central Bank of Nigeria has said that the economy has recorded slight expansion Month-on-Month, MoM, in October 2021 as the Manufacturing Purchasing Managers Index (PMI) rose to 47.3 index points, as against 46.6 index points recorded in Read More
The Central Bank of Nigeria has revealed that the nation’s external reserves fell by $610m last month.The figures obtained from the apex bank showed that the reserves dropped to N$41.22bn as of Read More
Despite the declining inflation rate in Nigeria, the persistent increase in food prices is affecting students in different tertiary institutions across Nigeria. Faith Omoniyi, for Twentyten Daily, spoke with several students who narrated their experiences Read More
The Central Bank of Nigeria has disclosed in its Monthly Economic Report for July 2021 that the nation’s trade deficit fell year-on-year by 61 per cent to $340 million in July 2021 from $880 million in July 2020.However, Read More
The Central Bank of Nigeria reports have indicated the capital inflow to Nigeria has crashed by 80 per cent in two years.The capital inflow to Nigeria fell from $17.1bn in July 2019 to $3.4bn in July 2021.Read More
The Central Bank of Nigeria said in its report on forex flows the net foreign exchange inflow into the Nigerian economy rose slightly to $2.77bn in July from $2.27bn in June.Despite the contraction in Read More
The Nigerian Investment Promotion Commission has said it has tracked $8.99 billion investment announcements in the third quarter of 2021 (Q3 ’21).Lagos State, with $7.29 billion, accounted for 81 percent of the total announcements during the period.NIPC said Read More
Between September 2020 and September 2021, the Nigerian banking sector’s credit to the private sector rose by N4.1tn or 13.8 percent.As part of an effort to drive lending to the real sector, the CBN had Read More
The Central Bank of Nigeria has spent the sum of N58.618 billion to print 2.518 billion Naira notes, valued at 1. 063 trillion in 2020.This was contained in the bank’s 2020 Currency Report indicating a decrease in Read More