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Slight Decline in FX Reserves Ahead of US$500M Domestic Bond Offering

August 19, 2024/CSL Research Based on data from the Central Bank of Nigeria (CBN) as of August 15, 2024, the nation’s external reserves showed a slight decline of US$0.34 billion, decreasing to US$36.53 billion from a year high of US$36.87 billion recorded on 7 August 2024. This decline is attributed […]

Lawmakers Back AMCON To Go After Debtors Irrespective Of Social Status

August 18, 2024/AMCON The Chairman, House of Representatives Committee on Banking & Ancillary Institutions, Honourable Eze Nwachukwu Eze; at the weekend in Enugu renewed the campaign for all agencies of the Federal Government to join the debt recovery drive of the Asset Management Corporation of Nigeria (AMCON). Eze said the […]

July 2024: Headline Inflation Rate Eases

August 16, 2024/United Capital Research Extracts from July-2024 Consumer Price Index (CPI) report released by the National Bureau of Statistics (NBS) revealed that the Nigeria’s headline inflation printed at 33.40% on a year-on-year (y/y) basis, indicating a 79bps decline from June 2024’s print of 34.19% y/y. Looking from a month-on-month […]