Foreign outflows grew to N31.1bn (US$81.8m) compared with N16.8bn (US$44.2m) in May.
Underperformance in revenue targets has led to sustained increase in Nigeria’s debt levels.
Media reports quoted that the proposal for 2021 targets Non-debt recurrent expenditure of N5.75tn.
The decrepit state of healthcare infrastructure in Nigeria continues to negatively impact economic productivity.
Shareholders of @MyFCMB have commended the bank for recording another impressive performance in 2018 in spite the challenging macroeconomic and regulatory environment.
Paga, one of Nigeria’s leading mobile money operators in Nigeria marked 10 years of its existence and announced that it had processed c.US$4.6m transactions.
The firm posted a Pre-tax loss of N5.5bn in FY 2018 compared to a Pre-tax Profit of N3.2bn in FY 2017 and CSLís estimate of N1.1bn. The Pre-tax...
The bank reported NIMs of 6.2% in FY 2018 compared to 7.0% in 2017. We estimate NIMs will close 2019e at 6.3%.
Nigerians woke up this morning to the news of a merger between Tier-1 Bank, Access Bank and Tier-2 Bank, Diamond Bank.
As the conversation continues about the CBN order requiring MTN to repatriate $8.1 billion to Nigeria as well as the sanctions imposed on 4 banks, CSL Stockbrokers...