Nigeria’s foreign exchange reserve sustained its decline as the Central Bank of Nigeria (CBN) stepped up its interventions in the FX market. Thus, the gross reserves...
The National Bureau of Statistics (NBS) says the 36 states and the federal capital territory (FCT) recorded N849.12 billion in internally generated revenue (IGR) in the...
The Nigeria Communications Commission (NCC) has put its revenue forecast for 2022 fiscal year at about N632 billion. The Executive Vice Chairman of NCC, Prof. Umar...
The Central Bank of Nigeria (CBN) has reported that there was N2.907 trillion currency in circulation in Nigeria as at end-December 2020. This was disclosed in...
The Central Bank of Nigeria (CBN) has fixed the maximum loan amount that a participant in its newly introduced initiative, called ‘The 100 for 100 PPP...
Data from the CBN show that gross official reserves rose by USD5bn (13.7% m/m), to hit USD41.8bn last month, its highest point since October ’19. This...
By CSL Analysts The need for improved lending to the private sector amid the pandemic-induced economic shocks on many sectors of the economy cannot be...
The Nigerian banking sector’s credit to the private sector was topped by N425 billion in September as aggregate rose from the N33.4 trillion in August to...
The Chinese Ambassador to Nigeria, Mr Cui Jianchun, has said that his country is working with Nigerian authorities to expand the $2.5 billion currency swap deal...
The adoption of the Central Bank Digital Currency (CBDC) and its underlying technology, called blockchain, can increase Nigeria’s GDP by $29billion over the next 10 years,...
By Eze onyekpere The 2022 Federal Government of Nigeria Budget Call Circular states the basis for the preparation of the budget estimates and the allocation of...
The Abuja Chamber of Commerce and Industry (ACCI) has described the drop in the headline inflation for the month of September as “a sign of emerging...
Nigeria’s inflation rate fell for the sixth consecutive month in September amid decelerating food prices, the National Bureau of Statistics (NBS) has revealed in its latest...
Financial experts at Financial Derivatives Company Limited (FDC) have forecast that inflation rate for September 2021 will be a reverse of recent moderation that brought respite...
As the Nigerian economy requires additional capital, stockbrokers are warming up to unfold a new strategy that would enable the federal government to source long-term funds...
Despite widespread decline felt by most economies across the globe, private equity fundraising in Africa has already managed to reach $1.3 billion for the first half...
Increasing demand for foreign exchange (forex) by investors has been fingered for the negative performance of Nigeria’s local currency, Naira, last week. A look at the...
President Muhammadu Buhari today presented the budget to the National Assembly, stating that it was a budget designed to build on the achievements of previous budgets....
By CSL Analysts The National Bureau of Statistics (NBS) in a recent report titled “The impact of Covid-19 on Business Enterprises in Nigeria” gave an all-encompassing yet...
Vice President of Nigeria, Yemi Osibajo has revealed how the present administration has prevented the closure of 150,000 Small Medium Enterprises (SMEs) and saved one million...