Despite COVID-19 Disruptions, Banks Attract N37trn Deposits         Despite the disruptive impact of the COVID-19 and the attendant lockdown, the nine months 2020 financial results of 13 commercial banks have shown that they raked in a total of N36.759 trillion as customers’ deposits. This represented an increase...

Default On Loans With Collateral Worsened In Q4, 2020 – CBN         The default on loans with collateral worsened in the fourth quarter of 2020, according to the Central Bank of Nigeria. The statistics department of the CBN disclosed this in its fourth quarter ‘Credit condition survey...

Fed Govt May Exceed N7.89trn 2021 Revenue Target As Oil Prices Soars         There are indications that the Federal Government may be on course to meet and perhaps, surpass the projected oil revenue target in the 2021 budget if the recent rise in the prices of...

Nigerian Stocks Head For Best Annual Run Since 2013       Nigerian stocks are headed for their highest annual gain in seven years riding on low yields in the country’s fixed-income market. The equities benchmark index in Africa’s largest economy recorded its highest return, rising 45.7 per cent...

26 States Set For N878bn Deficit In 2021       Amidst a nationwide push against the recessionary economy, about 26 states of the nation are planning to spend about N878 billion in excess of what their revenue expectations can carry. This indicates that they also plan to...

Oil Revenue To Remain Subdued As Output Plunges By 15%       Despite the recent rise in oil prices, there are strong indications that Nigeria is not likely to be out of the woods in its petroleum revenue performance and budget funding, due, mainly to the significant...