Bamidele Samuel Adesoji, Author at Nairametrics

Covid-19, Conditional cash transfer: FG gives reason for disengagement of 2 Payment Service Providers, President Buhari asks the Chief Justice to release prisoners due to coronavirus

Nigeria’s Gross Domestic Product (GDP) grew by 1.87%(year-on-year) in real terms, representing a drop of 0.23% points compared to Q1...

Over 82 million Nigerians are poor, northern states dominate list

by Bamidele Samuel Adesoji

May 4, 2020

The number of Nigerians that are poor have been estimated to be 82.9 million people, this is revealed in the...

Nigeria's Inflation, Prices of beans, onions, vegetable oil, others spike across major markets, as traders lament heightened insecurity

Nigeria’s Inflation rate jumps to 12.26% in March as recession looms

by Bamidele Samuel Adesoji

April 21, 2020

According to the NBS report, month on month, inflation rose by 12.26% in March 2020, higher than the rate (12.20%)...

diaspora remittances, Total credit to the economy rose to N19.54trillion – CBN Governor, CRR debits, P-AADS, #EndSARS: CBN says funds in frozen accounts may be linked to terrorist activities, Covid-19: Court closures impacted revenue generation for courts - Emefiele, P&ID dispute: UK Court orders $200 million guarantee to FG, Leaked letter by Poultry Farmers Association triggered CBN emergency approval to import maize, nImplications of CBN's latest devaluation and FX unification, current account deficit, IMF, COVID-19, CBN OMO ban could give stocks a much-needed boost , CBN’s N132.56 billion T-bills auction records oversubscription by 327% , Nigeria pays $1.09 billion to service external debt in 9 months , Implications of the new CBN stance on treasury bill sale to individuals, Digital technology and blockchain altering conventional banking models - Emefiele , Increasing food prices might erase chances of CBN cutting interest rate , Customer complaint against excess/unauthorized charges hits 1, 612 - CBN , CBN moves to reduce cassava derivatives import worth $600 million , Invest in infrastructural development - CBN Governor admonishes investors , Credit to government declines, as Credit to private sector hits N25.8 trillion, CBN sets N10 billion minimum capital for Mortgage firms, CBN sets N10 billion minimum capital for Mortgage firms , Why you should be worried about the latest drop in external reserves, CBN, Alert: CBN issues N847.4 billion treasury bills for Q1 2020 , PMI: Nigeria’s manufacturing sector gains momentum in November, CBN warns high foreign credits could collapse Nigeria’s economy, predicts high poverty, MPC Member, BVN, Fitch, Foreign excchange (Forex), Overnight rates crash after CBN’s N1.4 trillion deduction, Nigeria’s foreign reserves hit $36.57 billion; Emefiele keeps his word on defending the naira, CBN to support maize farmers, projects 12.5 million metric tons in 18 months, BREAKING: CBN Upscales Greenwich Trust Limited, grants it's operational license for merchant banking, AGSMEIS: CBN expand beneficiaries to 14,638., CBN expands access to mortgage financing

CBN pays $4.45 billion external debt to World Bank, others in 2-month

by Bamidele Samuel Adesoji

March 24, 2020

Latest data obtained from the CBN reveals that Nigeria paid a whopping sum of $4.45 billion as external debt service/payment...

Nigeria’s trade balance hits recession low, records N579 billion deficit in Q4 2019

by Bamidele Samuel Adesoji

March 9, 2020

The Nigerian economy ended 2019 in what appears to be another major setback, as trade balance posted N579 billion deficit...

United Capital reveals what may happen to exchange rate in 2020

by Bamidele Samuel Adesoji

February 3, 2020

United Capital has disclosed that the CBN may harmonize the multiple exchange rate systems currently operated in the country.

FAAC, IGR, Fiscal federalism in Nigeria, NEC Inauguration, Bailout Fund: FG begins deduction of N614 billion from states’ allocation in 2 weeks , Ekiti, Enugu, Bayelsa, 12 others attract no investment in 1H , States’ debt stock, Fiscal federalism

IGR: States generate N986.2 billion in 9-month, up by 16.8%

by Bamidele Samuel Adesoji

January 31, 2020

States in Nigeria generated the total sum of N986.2 billion Internally Generated Revenue (IGR) between January and September 2019.

CBN reduces over-the-counter withdrawals to N100k, N500k per week for individuals, companies

CBN raises CRR to 27.5%, holds MPR, other parameters constant

by Bamidele Samuel Adesoji

January 24, 2020

The Monetary Policy Committee of the Central Bank of Nigeria (@cenbank) has raised the Cash Reserve Ratio by 500 basis...

NDDC, Cash transfer, President Buhari, non-oil Exports, oil revenue, export revenue, FG Waives import duties for medical supplies, Orders Customs to expedite clearing, Presidency faults report on Kyari as Buhari didn’t cancel memos, appointments approved by him

FG concludes plan to borrow N2 trillion from Pension Fund

by Bamidele Samuel Adesoji

January 24, 2020

FG has concluded plan to borrow N2 trillion from the current N10 trillion pension funds to finance the development of infrastructure.

Recession, 2020 revised budget, spending inefficiencies, and a looming debt hole , President Muhammadu Buhari, loans, Oil price, FG, Solar vehicles, P&ID firm, Nigeria's GDP, Debt Servicing: Nigeria pays $1.12 billion to World Bank, others in 10-month , How the latest Fitch report affects you in 2020 , Nigeria’s credit rating faces downgrade by Fitch, Nigeria’s fiscal crisis looms, oil hits $32, S&P downgrades Nigeria to junk rating, as India cuts interest rates

Nigeria ranks 146 on Global Corruption Index in 2019

by Bamidele Samuel Adesoji

January 23, 2020

According to the latest report released by Transparency International, Nigeria is now ranked 146 out of the 180 countries considered....