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Thursday, May 13, 2021
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CATEGORY

Economics

Nigeria Money Supply (M3) Expands by 0.3% in February

The broadest money supply, (M3), expanded (year-to-date) in February 2021 by 0.3 percent, relative to February 2020, but this was below the provisional benchmark...

Bond Traders See Big Losses in Q1 on Rising Yields

Nigerian bond traders are seeing some of sharpest losses on record in the first quarter of the year as yields rise on growing inflation...

FG total Ways and Means Financing from CBN Hits N13.2trn

Government borrowing from the Central Bank of Nigeria (CBN) since 2015 has led to the accumulation of a N13.2 trillion (8.6% of GDP) balance...

Why Rising U.S Treasury Yields are a Double Whammy for Nigeria

Bond yields are rising in the United States (U.S) and around the world signaling a reflation in commodity prices which are jumping, as well...

Nigeria Money Supply Expands 10.97% Amid Surging Inflation

The broadest money supply, M3, increased by 10.97 percent in December 2020 relative to December 2019 and is well above the 6.84 percent provisional...

Osinbajo Disavows Unorthodox Policies in Rare Rebuke of Emefiele

Nigerian Vice President Yemi Osinbajo has in an unprecedented move disavowed a lot of the policies being spearheaded by the country’s powerful Central Bank...

Inflation to Erode Workers’ Wages This Year

Just like a thief that surreptitiously sneaks into a house and loots valuables, spiraling inflation steals the wages of workers and impoverishes millions of...

Nigeria Central Bank Seeks to Re-ignite Carry Trade as OMO Yields Creep Higher

Yields on Open Market Operation (OMO) bills at a Central Bank of Nigeria (CBN) auction held yesterday (Feb 04) crept higher as the apex...

Banking Sector Credit Hits N25trn, Money Supply Rises on CBN Interventions

The broad measure (M3) of money circulating in the Nigerian financial system increased by 10.97 percent in December 2020 from 5.02 percent in November...

Nigeria to Grow Least among Emerging Markets, Developing Economies in 2021

Nigeria’s economy will expand at the slowest rate in 2021, when compared to other major Emerging Markets (EM) and developing economies, according to International...

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