Updates

Dangote cement sustains 54,000 jobs in 4 African countries

June 20, 2020/Dangote Group President of Dangote Group, Aliko Dangote has said that despite the challenging economic situation in 2019, Dangote Cement was able to sustain 54,000 jobs in four African countries, where the company has its operations. The countries are Nigeria, Ethiopia, Senegal and South Africa. The business mogul who […]

Currencies in Africa: South African Rand Leads Laggards

Culled—Proshare June 19, 2020 United Capital Research Monetary Policy in Africa: Shooting for growth In the wake of the COVID-19 pandemic, global monetary policy authorities have launched several expansionary programs, to cushion the virus’ negative economic effect on growth. African economies were no different, as the pandemic posed a threat […]

Credit to Private Sector Hits N28.67 trillion in April; Inflation Rate Up 12.40% in May

June 19, 2020/Cowry Asset In the just concluded week, the Central Bank of Nigeria (CBN) depository corporations survey showed a 0.19% month-on-month (m-o-m) rise in Broad Money Supply (M3 money) to N35.70 trillion in April 2020. This resulted from a 1.87% increase in Net Domestic Assets (NDA) to N29.78 trillion […]