January 2, 2022/P+ Measurement Services Customer demand improved again in the Nigerian private sector at the end of 2022, supporting further rapid increases in both new orders and business activity. In turn, firms took on additional staff, albeit only slightly. Meanwhile, currency weakness continued to exacerbate cost pressures, subsequently feeding […]
OPINION/EDITORIAL
Moving Towards a Cashless Economy
December 30, 2022/CSL Research Based on data from the Nigeria Interbank Settlement System (NIBSS), financial transactions through mobile devices more than doubled between January and November. Transaction volume was up to 609.9m in November 2022 compared with 249.0 million in November 2021 while transaction value grew to N17.1trn in November […]
Domestic Debt Stock on the Rise
December 30, 2022/FBNQuest Research According to the most recent quarterly release from the Debt Management Office (DMO), the FGN’s domestic debt stock climbed by 2.9% q/q and 18% y/y to NGN21.6trn (USD50bn) in Q3 ’22. Standardized, this equates to around 12.4% of (2021) GDP. The domestic debt held by the […]
