Browsing: Economy

Nigeria’s headline inflation hit 11.85%. The National Bureau of Statistics (NBS) www.nigerianstat.gov.ng said inflation increased by 11.85% year on year in November 2019.

FBNQuest estimates 30% Debt to GDP, say policies convergence long overdue. Analysts at FBNQuest Capital www.fbnquest.com have shown their support for monetary and fiscal policies convergence towards pushing strategic economic course that would find equilibrium solution for prosper

Nigeria’s debt service to revenue is high, the debt management office,DMO, said in its recent clarification about Nigerian debt stock. DMO said debt service figures grew as a result of the increase in the Debt Stock and relatively high domestic interest rates.

Union Bank of Nigeria Plc (www.unionbankng.com) has not declared loss in the last seven years. Its earnings have been steep and steady over the years since it returns to profitability in 2012.

The Nigerian economy strengthened further in the third quarter of the fiscal year 2019 as it recorded improved productive performance.

Deposit Money Banks with significant investment in fixed interest earnings assets may be faced with another margin-dilutive pressure as analysts stressed that yield on Treasury bills instrument would sag strongly in the fourth quarter of financial year 2019.

At the current output of 350 thousands standard cubic feet of gas per day for the Nigerian domestic market, Seplat Petroleum Development Company

The House of Representatives has expressed concern about the huge financial loss the nation is incurring as a result of gas flaring by oil companies operating in the Niger Delta.

Basel III: We are considering issuing guideline on liquidity standard -CBN. The Central Bank of Nigeria has said that it is considering issuing guideline on Basel III liquidity standard. The CBN said this in reaction to MarketForces enquiry about the implementation of the Basel III accord by deposit

Nigeria’s firms exporting goods through land border lose earnings