Please click here to download the full report February 1, 2024/United Capital Research Executive Summary Global In 2023, global economy battled rising interest rates and manufacturing slowdown, but steady growth persisted. US’ GDP was expected to decline due to reduced consumption. China’s growth was brief because of stagnant exports, and strained US […]
OPINION/EDITORIAL
Deposit Money Banks Aggregate Credit Extension to the Economy Increased by 4% QoQ to N39.1trn in Q3 2023
February 1, 2024/FBNQuest Research According to the CBN’s most recent Quarterly Statistical Bulletin (QSB) for Q3 ’22, deposit money banks (DMB) aggregate credit extension to the economy increased by 4% q/q to NGN39.1trn. This growth rate was notably lower than the sector’s loan growth of 24% q/q in Q2 ’23. […]
CBN’s Efforts at Stabilising a Weakening Currency
February 1, 2024/CSL Research In a circular released earlier this week, the CBN warned authorised dealers to stop the unethical practice of reporting inaccurate and misleading information on transactions concluded in the financial market or risk facing sanctions. According to the CBN, investigations carried out revealed that authorized dealers sometimes […]
