May 8, 2024/FBNQuest Research The most recent data from the Central Bank of Nigeria (CBN) shows that private sector credit extension (PSCE) increased by +66% y/y to N71.2trn at the end of March 24. This marks a deceleration compared with the growth of 94% y/y recorded in the previous month. […]
OPINION/EDITORIAL
Insurance Premiums Rise to N1.0trn in Q4 2023
May 7, 2024/FBNQuest Research The most recent update from the National Insurance Commission (NAICOM) reveals that the premium income growth generated by the insurance sector sustained its upward trajectory. According to the data, the industry’s gross premium increased by N274.1bn or (+38% q/q) to N1.0trn in Q4 ’23. In terms […]
Oil Prices Under Pressure Despite Israel Sending Troops Into Rafah
May 7, 2024/Oilprice.com Tom Kool Editor, Oilprice.com Oil prices remained under pressure on Tuesday morning, but Israel’s decision to send troops into Rafah and Saudi Arabia’s aggressive pricing of its June cargos should help to stop oil prices from falling. – International organizations are increasingly sounding the tocsin on shrinking […]
