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...

Interesting Facts on Nigeria's Economy By Salisu Na'inna Dambatta       As Nigeria's economy reportedly grew in size from a GDP worth $404 billion in 2016 to a hefty $505 billion in 2020 under the watch of the President Muhammadu Buhari-led administation, the country's march to join the...

Some PIB Provisions May Hurt Oil Industry, Economy – LCCI         The Lagos Chamber of Commerce and Industry said on Sunday that some provisions in the Petroleum Industry Bill, currently in the National Assembly, could adversely affect the growth of the industry and the overall economy. The...