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
Equities Market The Nigerian Equity Bourse recorded a downward slide, as NSE ASI and Market capitalization both decreased by 0.91% to 29,110.90 Index Points and N13.227Tr respectively. Year-to-Date ASI is still at a positive of 8.45%. Number of trade, Volume of trade and Value of trade all decreased by 22.03%, 3.26% and 4.91% to 3556,…
US Benchmark interest rate is one of the main drivers of US economy. US federal reserve kept its target policy rate in the range of 1.50% and 1.75% while maintain economic growth expectations at about 2%. These led to continued growth of the US economy. Reuters
Equities Market The Nigerian Equity Bourse recorded a downward slide, as NSE ASI and Market capitalization both decreased by 0.59% to 29,378.63 Index Points and N15.133Tr respectively. Year-to-Date ASI is still at a positive of 9.45%. Number of trade and Value of trade both increased by 5.92% and 44.18% to 4561 and N4.829 Billion respectively…
Global Economy –Rundown: The European Central Bank held its deposit rate constant at (0.5%), as marginal lending facility and refinancing rate both remained constant respectively, at 0.25% and 0% by a unanimously Governing Council vote in its initial rate decision for the year, while the Bank Chair reaffirmed that the council will be holding the…
Equities Market The Nigerian Equity Bourse recorded a downward slide, as NSE ASI and Market capitalization both decreased by 0.26% to 29,552.99 Index Points and N15.223Tr respectively. Year-to-Date ASI is still at a positive of 10.10%. Number of trade and Volume of trade both increased by 11.79% and 140.59% to 4306 and 444.038 Million respectively…
Germany’s Economic growth is one of the main drivers of the Europe’s Economy. The German government has revised its estimate for this year’s economic growth from 1.0% to 1.1%. Germany narrowly dodged recession in 2019 and started 2020 slowly. Reuters
Equities Market The Nigerian Equity Bourse recorded an upward swing, as NSE ASI and Market capitalization both increased by 0.45% to 29,591.29 Index Points and N15.242Tr respectively. Year-to-Date ASI is still at a positive of 10.24%. Number of trade and Volume of trade both decreased by 33.63% and 37.62% to 2915 and 196.929 Million respectively…
