OPINION/EDITORIAL

COVID-19 Induced Lockdown Triggers Sustained Decline in Commodities Market Activities

Culled—Proshare April 27, 2020 Kainosedge Consulting for AFEX Commodities Exchange The AFEX Commodities Index composite closed at 163.65 points in the week under review. The index performance remained stable across all commodities covered by the index. Ginger price increased by a slight 0.1% due to less supply and high demand […]

A Surprising Boost to the FAAC Payout; April Payment Amount to N781bn

Culled—Proshare April 27, 2020 by FBNQuest Research                                                                                    The gross monthly payout by the Federation Account Allocation Committee (FAAC) to the three tiers of government amounted to N781bn (US$2.04bn) in April (from March revenue). This was an increase of N199bn on the previous month’s payment, which had been delayed due […]

Net Domestic Credit Rises by 2.37% on Lower Rates

April 26, 2020/Cowry Asset In the just concluded week, the Central Bank of Nigeria (CBN) depository corporations survey showed a 0.45% month-on-month (m-o-m) decline in Broad Money Supply (M3 money) to N33.98 trillion in February 2020.. Click here to read full PDF copy of report