By Financescape Total Nigeria’s Public Debt Stock increased to N33.107 trillion as of March 31, 2021, as against N32.916 trillion previously recorded on December 31, 2020. According to a release by The Debt Management Office, External Debt Stock declined from USD33.348 billion as of December 31, 2020, to USD32.86 billion on […]
NIGERIA’S GROSS DOMESTIC PRODUCT ROSE BY 0.51% FIRST QUARTER 2021.
By Financescape The Nigeria Bureau of Statistics (NBS) has announced that Nigeria’s Gross Domestic Product rose by 0.51% Year-on-Year in real timers in the first quarter of 2021, making two consecutive quarters of growth following the negative growths rates recorded second and third quarters of 2020. NBS declared that the first […]
NIGERIA’S INFLATION RATE INCREASES BY 18.12 PERCENT IN APRIL 2021.
By Financescape The Nigerian Bureau of Statistics released the consumer price index report for April 2021. The consumer price index, (CPI) which measures inflation increased by +18.12% (year-on-year) in April 2021. According to the NBS report, this is -0.05% points lower than the rate recorded in March 2021 +18.17% and February 2021 […]
INFLATION’S INCREASES TO 18.17 PERCENT AFTER THE FIRST QUARTER, MARCH 2021.
By financescape The Nigerian Bureau of Statistics released the consumer price index report for March 2021. The consumer price index, (CPI) which measures inflation increased to +18.17% (year-on-year) in March 2021. According to the NBS report, this is +0.82% points higher than the rate recorded in February 2021 at 17.33% and […]
CBN MPC voted to hold MPR at 11.5%
By Financescape The Monetary Policy Committee (MPC), of the Central Bank of Nigeria (CBN), has voted to retain the Monetary Policy Rate (MPR) at 11.5%. Decisions The MPC decided to maintain current policy parameters. Monetary Policy Rate (MPR) at 11.50%. The asymmetric corridor at +100/-700 bps around the MPR. Cash Reserve […]
Banks recorded N40.48tn e-transactions in Q2 – NBS
By Financecsape Data from Electronic Payment Channels in the Nigeria Banking Sector for Q2 2019 has indicated that a total volume of 711,299,990 transactions valued at N40.48trn was consummated. According to a report released by the Nigeria Bureau of Statistics NIBSS Instant Payments (NIP) transactions dominated the volume of transactions recorded. […]
Nigeria’s Inflation rate drops to 11.02% in August 2019
By Financescape The Nigerian Bureau of Statistics has released the consumer price index report for August 2019. The consumer price index, (CPI) which measures inflation increased by 11.02% (year-on-year) in August 2019. According to the NBS report, This is 0.06% points lower than the rate recorded in July 2019 (11.08%). […]
Capital importation into Nigeria stood at $5,820.21m in Q2- NBS
By Mustapha Hodi The total value of capital importation into Nigeria stood at $5,820.21m in the second quarter of 2019, National Bureau of Statistics has revealed. The report, which was revealed in September represents a decrease of -31.41% compared to Q1 2019 and +5.56% increase compared to the second quarter of 2018. […]
CBN releases Regulation on electronic payments, collections for public, private sectors
By Mustapha Hodi The Central Bank of Nigeria (CBN) on Tuesday, September 10, 2019, released the Regulation on Electronic Payments and Collections for Public and Private Sectors in Nigeria. Financescape reports that the apex bank has issued the Regulation in the exercise of its powers under the CBN Act, 2007. The 16-page Regulation is […]
CBN ISSUE GUIDELINE FOR ESTABLISHMENT AND OPERATION OF SUBSIDIARIES AND SPECIAL PURPOSE VEHICLES BY DFIs IN NIGERIA
By Hamisu B.S. The Central bank of Nigeria has observed the frequent requests from Development Finance Institutions (DFls) for special regulatory approvals to operate special purpose vehicles (SPVs) in furtherance of operational objectives. And the need for the DFls to be transparent in their financial reporting and remain focused on their core […]
Nigeria’s GDP grew by 1.94% in Q2 2019
By Financescape The National Bureau of Statistics (NBS), has released the Nigerian Gross Domestic Product Report for Q2 2019. The report indicates Nigeria’s Gross Domestic Product (GDP) grew by 1.94%(year-on-year) in real terms in the second quarter of 2019. Compared to the second quarter of 2018, which recorded a growth of 1.50%. however, […]
NTB Auction Oversubscribed by 67%, as Stop Rates Clear 80bps Higher
By Zedcrest ***Nigeria Fears Fiscal Crisis as Debts Take Big Pie of Revenues*** KEY INDICATORS Bonds The FGN Bond market traded on relatively quiet note, but yields moderated further by c.2bps, owing to slight demand interests still on some short and mid tenured bonds. We expect yields to remain relatively stable […]