November 14, 2024/CSL Research The Central Bank of Nigeria (CBN) recently released the Purchasing Managers’ Index (PMI) survey for October 2024, covering three key sectors: Industry, Services, and Agriculture. The October 2024 composite PMI score was 49.6 points, indicating a contraction in economic activities. Typically, an index above 50.0 points […]
Author: InvestAdvocate
Access Bank UK Announces Acquisition of Majority Stake in Afrasia Bank
November 14, 2024/NGX Access Holdings Plc (“Access Holdings”) today announces that its banking group’s, subsidiary, The Access Bank UK Limited (“the Access UK”) has entered into a binding agreement to acquire a majority equity stake in Afrasia Bank Limited (“Afrasia Bank”), the Republic of Mauritius’ fourth largest bank by total […]
Nigeria’s External Debt Payment Rises by 2% on Naira Volatility
November 14, 2024/FBNQuest Research The Debt Management Office’s (DMO) quarterly release on public debt shows that Nigeria’s total external debt payments increased slightly by +2% quarter-on-quarter (QoQ) but fell by -1% year-on-year (YoY) to US$42.9bn in Q2 2024. However, in naira terms, the rise in the nation’s stock of external […]
