Global Economy –Rundown: The United State Federal Reserve left its key lending rate within the corridors of 1.50%-1.75%, while it upheld that at the current rate the Country’s economic expansion would be sustained, citing the strong job market and inflation rate clinching to the Federal Reserve rate of 2%. The Fed in agreeing to cap…
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…
Global Economy –Rundown: Details of the ratified US China phase one trade resolution revealed that, China has pledged to purchase additional $200 Billion of US goods and services over the next two years and United States compensating side of the deal would be the reduction of tariffs to 7.5% from 15% on imported Chinese products…
Global Economy –Rundown: The world Economic outlook for 2020, is pegged at a growth rate of 2.5%, amidst persisting weakness trailing investment and trading activity globally, while advanced economies growth for the year is estimated at 1.4%, this projection hinge on the continued flagging manufacturing data. Growth estimate for emerging market and developing economies is…
Global Economy –Rundown: The United State and China phase 1 trade resolution is expected to be signed in the coming weeks, while the trade path is said to be at the translation stage, while prominent area of the trade dispute that focus on Intellectual Property, Technology transfers and Perceived Currency Manipulation, were covered in the…
Domestic Economy –Rundown: According to the Banking sectors data for quarter 3 of 2019, revealed that the aggregate credit disburse to the private sector sum-up to N16.251trillion, which represent a 7.39% growth on a quarter on quarter basis, according to sector allocation, the Oil & Gas and Manufacturing of the industry sector were the largest…
Domestic Economy –Rundown: The Nation’s GDP for Q3 grew to 2.28% The Nation’s GDP for the third quarter of 2019, stood at 2.28%, as against second quarter of 2019 reported GDP that stood at 1.94%, while for the same Q2 revised growth stood at a GDP of 2.12%. The growth for the period under review…
Global Economy –Rundown: The global economy for the week ended witnessed some weighty momentous that spread around the global equities frontiers, crude market and economic data release from both china and United State. A positive moment was recorded on the global equity barometer being measured by the Morgan Stanley composite index that inched higher by…
ECONOMY-RUNDOWN FIRS Generated N4Trillion Year to Date For 2019 Fiscal Year: The Federal Inland Revenue Service reported that from January to September 2019, it agency has collected the sum for N4.01trillion, from eligible willing taxpayer, compared to N3.94billion collected within the same period for the previous year, which indicated a marginal growth of 1.78%. The…
ECONOMY Inflation for September rose to 11.24% Consumer Price Index for the month of September 2019 increased to 11.24%, while previous month inflation rate stood at 11.02%, the monthly change stood at 2%. The food sub-index of the consumer index increased to 13.51% compared to 13.17% posted in the previous month and the Core Inflation…