Nigeria Records $90m FDI In A Month         Nigeria recorded Foreign Direct Investment totalling $90m in October according to figures obtained from the Central Bank of Nigeria on Wednesday. The CBN disclosed in its monthly economic report that in the review period, capital inflow declined by 71.4...

Reps, CBN, Customs To Fast-track Export Processing Automation         The House of Representatives has asked the Central Bank of Nigeria and the management of the Nigeria Customs Service to fast-track the automation of export processing at the port to avoid delays which has resulted in huge...

N9.8trn Debt: FG’s CBN Borrowings May Raise Risks - Fitch Ratings       The Federal Government of Nigeria’s repeated recourse to its Ways and Means facility with the Central Bank of Nigeria highlights weaknesses in public finance management, says Fitch Ratings. Fitch Ratings stated this in its report...

Fiscal Deficit Rose To N451.22bn In October – CBN         The Federal Government recorded a fiscal deficit of N451.22bn in October 2020. The Central Bank of Nigeria disclosed this in its monthly economic report for October which was released on Tuesday. Part of the report read, “At N616.35bn,...

Net Forex Inflow Drops By 26% To $3.87bn       Net foreign exchange (forex) inflow into the economy fell by 26 percent, month-on-month to $3.87 billion in October from $5.23 billion in September last year. The decline was driven by 11.9 percent reduction in foreign exchange inflow caused...

‘Monetary Policy Will Determine Share Prices’       The performance of Nigerian stocks in the year will depend on the monetary policy direction of the Central Bank of Nigeria (CBN). In its 2021 outlook entitled: “Nigeria Economic Outlook 2021: A shot at recovery”, United Capital Plc stated that...