Consumer Credit Rises By 40% To N2.1trn — CBN   The Central Bank of Nigeria (CBN) said that consumer credit rose 40 per cent, year-on-year, YoY, to N2.1 trillion in November last year from N1.5 trillion in November 2020, driven by a rise in the tempo...

Increasing Fuel Subsidy Puts Nigerian Economy At High Risk – World Bank   The World Bank says increasing fuel subsidy puts the Nigerian economy at a high risk as subsidy payments could significantly impact public finance and pose debt sustainability concerns. The Washington-based lender said this in...

PFAs Invest N74.54bn In Infrastructure   The Pension Fund Administrators (PFAs) invested N74.54bn in infrastructure out of the N13.76trn they received from the Contributory Pension Scheme at the end of February 2022. This was contained in the latest figures obtained from the National Pension Commission. Investors have continued...

NBS: Nigeria’s Inflation Rate Hits 15.92% The Consumer Price Index (CPI) which measures inflation increased to 15.92 per cent on a year-on-year basis in March 2022. The National Bureau of Statistics (NBS) disclosed this, Friday, in its latest report titled ‘Consumer Price Index March 2022’. It explained...

Equity Investors Gains N77bn Amidst Easter Celebration Trading on the Nigerian stock market yesterday closed positive by gaining N77billion, hence, sustaining a five-day bullish trend amidst Easter celebration. Yesterday, being the last trading day of the week as the federal government declared Friday, (Good Friday) April...

In One Month, CBN's FX Programme Rakes In $60m The Central Bank of Nigeria's (CBN) forex programme has raked in $60 million after one month of active implementation. Managing Director of Fidelity Bank, Nneka Onyeali-Ikpe, made this known while briefing the media at the end of...