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
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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
According to a statement by the Ministry of Finance, Budget and National Planning, Nigeria’s excess crude account has declined by 89 per cent in the last eight years, moving from $4.1 billion in November 2014 to $472,513 in Read More
The Federation Account Allocation Committee, FAAC, has shared a total of N736.782bn to the three tiers of government as the allocation for the month of October 2022.According to the Ministry of Finance, Budget and Read More
Following a decline in money supply triggered by the inflation-fighting measures of the Central Bank of Nigeria, banks reduced consumer loans by 17 per cent (N400 billion), in one month.This is the first time Read More
The latest figures from the Central Bank of Nigeria have revealed that the Nigerian banks’ assets gained N10 trillion between August 2021 and August 2022 to hit N66.76trillion.The CBN disclosed in the personal statement Read More
According to the nine-month financial reports of the banks, eleven banks charged their customers N714.61 billion for electronic fees and other forms of commissions in the first nine months of 2022.This is a 16.92 percent increase Read More
The Central Bank of Nigeria, CBN, has disbursed about $16.9 billion in its foreign exchange market interventions and statutory obligations in the first half of 2022, H1’22.This is about 4.0 percent drop against $17.6 billion sold in the Read More
Latest figures obtained from the Central Bank of Nigeria has shown that the Federal Government’s expenditure in the first six months of 2022 exceeded revenue by N6.23 trillion.According to the second quarter economic report Read More
Analysis of the Nigerian Capital Importation report for Q2’2022 has shown that foreign capital inflow into the production sector rose by 83 percent, Year-on-Year (Y-on-Y) to $457.66 million in the first half year ended June 2022 (H1’22).Read More