November 30, 2020/Proshare by FBNQuest Research Net domestic credit to the private sector increased by 12.4% y/y to NGN29.06trn at end-October according to the CBN. Its rate of growth has slowed for two successive months, and has actually gone into reverse on a m/m basis. Our own explanation is that […]

The continent’s gas industry is on the verge of real transformation, as the African Energy Chamber (AEC) notes in our 2021 Africa Energy Outlook November 30, 2020/AEC By NJ Ayuk, Executive Chairman, African Energy Chamber Africa has already made an indelible mark in the oil industry. It is home to […]

November 27, 2020/Coronation Report Recently the National Bureau of Statistics (NBS) released GDP data for Q3 2020, showing a decline of -3.62% y/y with Non-oil GDP falling by just -2.51% y/y. The Non-oil GDP growth drivers were the Telecoms sector (+17.36% y/y) and Agriculture (+1.39% y/y). These data are considerably […]