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 […]
OPINION/EDITORIAL
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 […]
China Sets The Tone In Oil Markets At Year’s End
December 29, 2022/OilPrice.com Tom Kool Editor, Oilprice.com Commodity trading in the festive week between Christmas and New Year has always been very light, however be it for oil markets or for metals at large, China continues to set the tone for overall sentiment. Soaring coronavirus cases (assumed but unreported) as […]
