December 23, 2020/CBN Introduction The December 2020 PMI survey was conducted by the Statistics Department of the Central Bank of Nigeria during the period December 7-11, 2020. The respondents were purchasing and supply executives of manufacturing and non-manufacturing organizations in all 36 states in Nigeria and the Federal Capital Territory […]
Money Market
CBN Announces Revocation of Operating Licenses of Seven Payment Services Providers
December 24, 2020/CBN The Central Bank of Nigeria (CBN) on Thursday announced the revocation of the operating licenses of Seven (7) Payment Services Providers. This was contained in an official gazette document published on the CBN website. The affected service providers were listed under schedule I of the gazette The […]
Foreign Reserves Remain Pressured
December 24, 2020/Proshare by CSL Research Over the past few months, severe pressure has been mounting on the country’s foreign reserves in face of dwindling oil earnings and reduced capital inflows from risk averse foreign investors. The decline in oil prices was largely driven by weakened crude oil demand […]
