CBN HIKE ON INTEREST RATE MAY MANDATE MOVES FOR ACCESS, ZENITH, AND OTHERS TO INCREASE INTEREST ON SAVINGS

As inflation increases in the country, the Central Bank of Nigeria (CBN) on Wednesday 24th of May increased its interest rate. With this, depositors...

NIGERIA’S LOW CREDIT TO GDP RATIO UNDERMINES PRIVATE SECTOR CREDIT GROWTH

Recent data from the Central Bank of Nigeria (CBN) revealed that the credit issued to the Nigerian private sector rose to N43 trillion but...

WEAK RAND JEOPARDIZES SOUTH AFRICA’S IMF BEATING RECORD

A diplomatic spat between the United States and South Africa that has brought the rand to its worst level may end Pretoria's record of...

NIGERIA RECORDS FOREX SUPPLY OF $15.2 BILLION VIA OFFICIAL WINDOW

Nigeria’s foreign exchange supply, through the official window, has increased to $15.2 billion, representing a 17.7% rise from 2021 and a 46.4% increase from...

NIGERIAN COMPANIES REPORTS ONLY 2% CONTRIBUTION FROM EXPORT REVENUES

An analysis of the financial statement of some manufacturing companies quoted on the Nigerian Exchange reveals their revenue mix includes over 98% local sales...

OIL FIRMS OWE BANKS 7 TRILLION NAIRA, SAYS CBN

Reports from the Central Bank of Nigeria (CBN), shows that bank loans to oil companies involved in the upstream and downstream sectors of the...

NIGERIA TO EARN $4 BILLION FROM ABUJA, KANO AIRPORT CONCESSION

Nigeria will receive over $4 billion in nominal revenue as the Federal Executive Council (FEC), approved the concession of the Corporacion American Airport Consortium...

GHANA CLOSES IN ON $10 BILLION DEBT RELIEF AFTER IMF LOAN

A $3 billion, three-year loan package for Ghana was approved by the executive board of the International Monetary Fund (IMF) on Wednesday. Allowing for an...

CONGO’S $1 BILLION WORTH OF PROJECT FUNDING PUT ON HOLD BY WORLD BANK

Funding for humanitarian and development plan in the Democratic Republic of Congo that is worth over $1 billion has been put on hold by...
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