Several African countries including Nigeria have partnered to create a continental credit rating agency to counterbalance Western credit rating agencies’ bias against Africa.   

Credit to Govt Rises by N11trn in One Month   Credit to the government surged by over N11 trillion in the month of August 2024, as high interest rates make government securities more attractive to investors. This is according to the latest money and credit stats data...

Credit for Importation of Goods Dropped by 62% in Q1 2024 – CBN Nigeria recorded $204.47 million as letters of credit payments in the first quarter (Q1) of 2024. According to the international payments data obtained from the Central Bank of Nigeria (CBN) on Sunday, the...

Consumer Credit Increases By 32% To N3.05trn In 9 Months   Consumer credit rose by 32 per cent to N3.05 trillion in the nine months to September 2023, 9M ‘23 from N2.31 trillion at the end of December 2022. The Central Bank of Nigeria, (CBN) disclosed this...

Money Supply Increased to N66.42trn in September - CBN   The Central Bank of Nigeria (CBN) has disclosed that Nigeria’s money supply increased to N66.42 trillion in the month of September 2023, a marginal growth of about 1.94 per cent from N65.15 trillion in August 2023. The...

Credit to Private Sector, Govt Rise by 42.68% to N87.27trn   The Central Bank of Nigeria (CBN) has disclosed that banks’ credit to the economy rose by 42.68 per cent Year-on-Year (YoY) to N87.27 trillion in August 2023 from N61.17 trillion reported in the corresponding period...