Banks’ Credit To Economy Now N24.23trn       The total credit from the banking sector to the economy rose to N24.23tn as of the end of May, the Governor of the Central Bank of Nigeria, Mr Godwin Emefiele, disclosed on Tuesday. Speaking at the end of the two-day...

Economy Shrank In May Amid Low Purchasing Power – CBN     The Purchasing Managers Index revealed that the Nigerian economy contracted in May, according to data obtained from the Central Bank of Nigeria on Thursday. The personal statements of some members of the Monetary Policy Committee indicated...

Banks Credit To Economy Now N23.53trn       Banks’ credit to the economy rose to N23.53tn as of the end of March, latest figures from the Central Bank of Nigeria have shown. The CBN disclosed in its communiqué at the end of the Monetary Policy Committee on Tuesday...

Banks Credit To Economy Hits N43.67trn     Banks’ credit to the economy rose by N75bn to N43.67tn as of the end of February from N42.92tn in January. The Central Bank Governor, Godwin Emefiele, disclosed this on Tuesday in Abuja. He said, “Provisional data showed that banking system credit...

Oil and the Nigerian Economy: Can We Learn from Norway?  By Abdulhaleem Ishaq Ringim       Whether or not Nigeria has utilized its oil wealth in a prudent manner is still a topic for national debate. However, considering how dependent the country’s economy has become on oil...

"Financial Inclusion May Worsen Next Decade"     Compared to Nigeria’s ambitious targets, national financial inclusion outcomes are weak by every measure and may worsen in the next decade. The Bill and Melinda Gates Foundation stated this in a report titled ‘Nigerian payments ecosystem and financial inclusion: Landscape...