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

African private equity deals, fundraising and exits announcements

Pension Funds Set To Stimulate the African Alternative Investment Landscape

Guarded optimism on new Zimbabwe dollar . The success of new Zimbabwe currency reforms rests on the government’s sustained fiscal prudence, Allan Gray has said. The firm noted that foreign investors are still unable to repatriate United States dollar from Zimbabwe due to the ongoing currency crisis…

Tax Tribunal exonerates Employers for Tax on Employees’ VPC. The Tax Appeal Tribunal ,TAT, held that the Lagos State Internal Revenue Service (LIRS) could not hold employers accountable for taxes arising from withdrawals of Voluntary Pension Contribution (VPC) of their employees.

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.

Harnessing Islamic, Ethical Financing to Empower Nigeria’s Economy. There is need to balance views on Islamic finance in order to reap benefits associated with it. Rather than by principle, there is unhealthy competition between the two leading faiths around the world.