October 3, 2023/FBNQuest Research According to data from the Central Bank of Nigeria (CBN), private sector credit extension (PSCE) increased by 36% y/y to NGN54.2trn as at end-July ’23. The month’s growth rate slightly outpaced the 35% y/y growth it delivered in June ‘23. On a year-to-date (ytd) basis, PSCE […]

October 3, 2023/CSL Research According to the selected food price watch report by the Nigerian Bureau of Statistics (NBS), food prices have continued to grow significantly. The selected food items include staples such as rice(1kg), beans(1kg), bread (500g), tomatoes, beef, wheat (2kg), garri (1kg) and palm oil (1 bottle). According […]

September 29, 2023/Coronation Research The oil sector plays a pivotal role in Nigeria’s economy, particularly due to its contribution to FGN revenue. In 2022, oil revenue accounted for 40.7% of total FGN revenue, compared with a contribution of 45.3% in 2021. However, from a national accounts’ perspective, it currently contributes […]