Culled—Proshare August 6, 2020 by FBNQuest Research                                                                                   Private-sector credit extension grew by 17.9% y/y in June (see chart), and therefore ahead of nominal GDP growth. Since the private-sector credit/GDP ratio remains below 20%, compared for example with over 75% in South Africa, the monetary authorities will be looking for […]

August 6, 2020/Ecobank Nigeria Ecobank has stated that cash withdrawals can be made at all its ATMs, without a card. The Ecobank cardless withdrawal concept, Xpress Cash, enables users to withdraw cash from ATMs using only a mobile phone, no ATM card is required.   The solution is seamless, secure […]

August 5, 2020/CBN Introduction The Central Bank of Nigeria (CBN), as part of its policy response to the COVID-19 pandemic, introduces the Healthcare Sector Research and Development Intervention Scheme (HSRDIS) to help strengthen the public healthcare system with innovative financing of research and development (R&D) in new and improved drugs, […]