Image Credit: facebook.com September 8, 2024/FICAN The Nigeria Deposit Insurance Corporation (NDIC), the Central Bank of Nigeria (CBN), the Bank of Industry (BoI), the United Bank for Africa, Access Holdings plc and a host of other banking and financial institutions have thrown their weight behind the 2024 conference of the […]
Updates
NBS Reports a Quarter-on-Quarter Increase in CIT Receipts
September 11, 2024/NBS In the second quarter of 2024, the National Bureau of Statistics reported that the federation’s account received almost N2.5 trillion in company income tax (CIT) receipts. This represented a significant increase compared to the N984bn and N1.5trn collected in Q1 2024 and Q2 2023, respectively. For the […]
Coronation Fixed Income and Exchange Rate Update
September 10, 2024/Coronation Research Summary Market liquidity closed negative at -N276.6bn on Friday (06, Sept ‘24). Call, overnight, and repo rates closed within the range of 8.7% – 31.7%, as rates in the money market tightened. Last week, the average NTB yield decreased by -150bps to close at 19.7% w/w. […]
