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In Nigeria, economic strategies are not alive but the need to give birth to some cannot be underestimated…
Depressing outlook as analysts cut economic estimates
The “Big 3” sluggish performance slowdown Sub-Saharan Africa economy
Nigeria’s total debt stock rose to N24.9 trillion as at the end March 2019. This is revealed in the latest statistics released on Wednesday by the Debt Management Office (DMO).
According to the latest data released by DMO, Nigeria’s total debt portfolio increased by 2.3% to hit N24.9 trillion as of March 31, 2019, compared to N24.3 trillion in December 2018.
Meanwhile, the breakdown shows that total external debt is estimated at N7.8 trillion, constituting 31.5% of total debt, while the total domestic debt rose to N17 trillion or 68% of total debt stock within the quarter.
Detail analysis later.
CBN limits daily placements by banks to N2 billion
AfCFTA implementation: UN’s Amina Mohammed pledges full support. United Nations Deputy Secretary-General, Amina J Mohammed, has pledged the UN’s full support to the African Union as nations begin to earnestly operationalise the landmark African Continental Free Trade Area (AfCFTA) that is expected t
Nigeria Signs AfCFTA to Join $3.4 trillion Economic Bloc. After consultations with stakeholders, President Muhammadu Buhari has finally signed up to the $3.4 trillion Africa free trade agreement.
Four Tier-1 Banks to increase loan books by ₦1.2 trn in 90 days. Despite the fact that they have big sizes, four banks in Tier 1 class failed to convert 60% of their deposits as loans and advances to customers, the first quarter 2019 results have shown.
“CBN Directive on Banks’ LDR an Interference with Free-market”. On the back of the recent directive issued by the apex bank on loan to deposits floor for banks, some banking sector experts have said that the Central Bank of Nigeria directive is a direct interference with free market.
Experts have tasked the Federal Government with the need to negotiate external trade relations