Finance & Economy
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Manufacturers account for 28.76 per cent of FIRS collections in Q3 2022
Despite the lingering challenges in the real sector, Nigeria’s manufacturing sector, in Q3, 2022 contributed 28.76 per cent to lift…
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Lagos, Kano get lion’s share as LGs share N2tn
Local Government Areas in Nigeria got N2.02tn from disbursed federal allocation in 2022. This came as LGAs in Lagos, Kano,…
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Personal Statements by the MPC Members at the 146 MPC Meeting of Jan 23-24, 2023
1. ADAMU, EDWARD LAMETEK Year 2022 ended with less optimistic outlook for global growth in 2023 as prospects of recession…
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CBN releases N114bn under 100-for-100 policy
The Central Bank of Nigeria has disbursed N114.17bn to beneficiaries under its 100-for-100 Policy on Production and Productivity since the…
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Banks’ NPL Sustains Decline at 4.2%, Assets Up 24.24% to N73.59trn
The Central Bank of Nigeria (CBN) has stated that the non-performing loans (NPLs) in the nation’s banking sector have sustained…
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Monetary Policy Intervention Without Structural Reforms: A Panacea or Palaver?
Last year, as inflation reached record highs in many countries, central banks around the world adopted one of the most…
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Banks’ assets rise to N73tn
Total assets of the banking industry grew by N14.36tn or 24.24 per cent from N59.24tn at the end of December…
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Prime Lending Rate Hit 13.67% in January
Amid severe macro economic challenges and increase in Monetary Policy Rate (MPR), commercial banks’ prime lending rate to most credit-worthy…
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Nigeria Q4 GDP Growth Rate Stronger than Expected
The economy of Nigeria advanced by 3.52% from a year ago in the fourth quarter of 2022, accelerating from the…
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DMO Clarifies Usage of N2.13trn FGN Borrowing in the First Two Months of 2023
The attention of the Debt Management Office (DMO) has been drawn to a report which stated that the Federal Government…
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