Equities Market The Nigerian Equity Bourse recorded a downward slide, as NSE ASI and Market capitalization both decreased by 0.27% to 29,030.93 Index Points and N14.954Tr respectively. Year-to-Date ASI is still at a positive of 8.15%. Number of trade, Volume of trade and Value of trade all increased by 24.04%, 13.06% and 98.09% to 4411,…
Impact investment is one of the main drivers of Nigerian Economy. Nigeria recorded $4.7 billion inflow of impact investment from 2015 to date while the size of Ghana’s impact investment market is $1.2billion since 2015. This has led to positive impact on the Nigerian people and the environment while delivering goods that will contribute in…
Debt is one of the main drivers of Nigeria Economy. The total debt owed to the World Bank Group by Nigeria rose by $1.3bn in one year to $9.81bn while the total public debt rose to N26.22Tn as of September 2019. The debt office said new domestic borrowings this year (N1.59tn) would be raised through…
Central Bank of Nigeria (CBN) policies is one of the main drivers of Nigerian financial system. CBN policy makers increased the Cash Reserve Ratio (CRR) to 27.5% while maintaining the Monetary Policy Rate (MPR) at 13.5%. These should reduce the amount of money available for banks to lend, essentially pressuring liquidity with a goal of…
US Benchmark interest rate is one of the main drivers of US economy. US Federal Reserve maintained its benchmark overnight lending rate in the range of between 1.50% and 1.75% while raising interest rate paid to banks for excess reserves to 1.60%. These should lead to continued growth of the US economy. Reuters
