Islamic finance assets increased 14 percent to US$ 2.88 trillion in 2019, the highest recorded growth for the industry since the global financial crisis December 9, 2020/ICD Malaysia, Indonesia, Bahrain, UAE and Saudi Arabia ranked as the top five developed countries globally in Islamic Finance; Indonesia jumped to second place […]
Updates
Trade Deficit Expands to a New 4-Year High in Q3 2020
December 8, 2020/Proshare By Vetiva Research In line with our expectations, trade flows remained downbeat as 9M’20 trade flows plummeted by 10.9% to N23.2 trillion. Although trade flows were lower by 8.9% y/y in Q3’20, the reopening of advanced economies and easing of restrictions on business activities improved trade by […]
Gross Official Reserves Decline by US280m in November 2020 to US35.4bn
December 8, 2020/Proshare By FBNQuest Research We see from CBN data that Nigeria’s gross official reserves declined by USD280m in November to USD35.41bn. Since the receipt of IMF loan proceeds of about USD3.4bn in May to tackle the Covid-19 virus, the CBN has managed to hold reserves broadly stable, with […]
