April 3, 2024/FBNQuest Research The Central Bank of Nigeria’s (CBN) latest data on monetary aggregates shows that domestic credit to the private sector almost doubled y/y to NGN80.7trn in Feb ‘24. This growth marks the fastest credit extension to the private sector in recent months. On a m/m basis, PSCE […]

April 3, 2024/FBNQuest Research Nigeria’s infrastructure stock falls below the internationally recognised benchmark of 70% of GDP, as set by the World Bank. The infrastructure deficit undermines the country’s economic competitiveness, contributing to higher levels of unemployment and inflation. Notably, transportation infrastructure stands out as one of the sectors most adversely affected by the deficit.  Given the deficit […]

April 3, 2024/CSL Research Based on the latest data from the Nigerian Communications Commission (NCC), Nigeria experienced a 2.81% decrease in active mobile subscriptions in January 2024, dropping to 218.40m from 224.71m in December 2023. This marks the first decline in mobile subscriber numbers following three consecutive periods of marginal […]