The value of Nigerian stocks bought by foreign investors dropped from N1.22 trillion in 2018 to N942.55 billion as at the end of 2019, as hope for reforms that could boost the Africa's biggest economy fizzled.
The Monetary Policy Committee of the Central Bank of Nigeria (@cenbank) has raised the Cash Reserve Ratio by 500 basis points to 27.5%. Meanwhile, other parameters such as Monetary Policy Rate, Liquidity ratio, and asymmetric corridor remain unchanged.
The value of transactions carried out using Point of Sale (PoS) channel in Nigeria hit N3.20 trillion in 2019.
Access Bank's Chief Executive Officer, Herbert Wigwe, has sold 28.86 million shares worth N297.82 million, which represents 2.33% of his stakes in the bank. The transaction, which was done through Trust Capital Limited, was disclosed in a notice filed at the Nigerian Stock Exchange.
In order to bridge the gap between funding and SMEs, business experts at the Nairametrics 2020 Economic Outlook discussed factors discouraging investors and proffer solutions
The World Bank has forecasted that Nigeria’s economy will further slowdown in 2020 with a growth of 2.1% amidst several policy uncertainties. On the other hand, the IMF disclosed that Nigeria’s economy will continue its sluggish trend. #IMF #WORLDBANK
Financial experts and analysts say structural imbalances like revenue shortfall, development in the global oil market and CBN policies among others pose very bleak outlook for the economy.
The report explains why a 5-10% devaluation of the naira is plausible amidst the CBN's recent monetary policies.
Guaranty Trust Bank, Nigeria's largest bank by market capitalization, has crashed its interest rate for its payday loans from 1.75% to 1.33% per month. The bank reviewed its rate, which is published on its website, as it becomes one of the lowest in the lending space. #GTBANK
Nigeria’s inflation rate rose year on year to 11.98% in December 2019. According to the NBS, the rise in the food index was caused by increases in prices of Bread and cereals, Oils and fats, Meat, Potatoes, Yam and other tubers, Fish and Vegetables
GTBank, Citibank, FCMB, Zenith Bank, others have been ranked in the order of customer experience in 2019 by KPMG. #GTBANK,#ZENITH,#FCMB
Real Madrid have lost its position to Spanish League rival, Barcelona, on the list of the highest-earning football clubs in the world.
For auditors in Lagos and across Nigeria, now is probably the most stressful time to have a job.
Nigeria received $17.57 billion in direct diaspora remittances in 2019. According to data published by (@cenbank), remittances rose by 56.4% when it increased from $11.23 billion within the same period in 2018 to $17.57 billion in 2019.
Nigeria spent a whopping $1.31 billion to cover external debt obligations in 2019, as external debt service payment accumulated to $3.95 billion in the last 5 years (2015 - 2019). Data obtained from the (@cenbank) reveals
It's just one full week of business at the Nigerian Stock Exchange and stocks are already 9.51% up, one of the best performers in the world today.
The government of Canada invited 85,300 candidates to apply for Canadian Permanent Residency in 2019.
As the Central Bank of Nigeria (CBN) continues to compel Banks to boost their credit to the real sector of the economy, analysis of data published by the apex bank revealed that the loans increased by N3.46 trillion in 2019 (between January and November, 2019).
Lagos, Nigeria, January 06, 2020: Over 5,000 staff of the United Bank for Africa (UBA) Plc, started the new year with a lot of cheer as the bank yesterday announced its promotion to new grades as well as salary upgrades with immediate effect this January.
Nigerian Airports witnessed increased patronage in 2019, as air travellers rose to 8.48 million in 6-month. Basically, total air travellers (domestic and international) rose to 8.48 million in June 2019, up from 8.05 million in the corresponding period of 2018.
A list of ten highest-paid athletes in the last decade has been released by Forbes.