Economy sustains recovery with 0.51% GDP growth in Q1 Nigeria’s economy appears to be on sustained recovery from recession as the Gross Domestic Product (GDP) grew by 0.51% (year-on-year) in real terms in the first quarter of 2021 (Q1’21). This marks two consecutive quarters of...

External Reserves Drop By $35.67bn         Nigeria’s external reserves, last week, fell for the fourth consecutive week to $35.67 billion even as the naira depreciated to N462 per dollar in the parallel market. Data from the Central Bank of Nigeria (CBN) shows that the reserves fell to...

Liquidity Mop Up Imminent As N567bn Hits Interbank Market       The Central Bank of Nigeria (CBN) is expected to resume its liquidity mop up this week in response to inflow of N567 billion into the interbank money market. Last week the apex bank suspended its liquidity mop...