April 18, 2024/CBN Culled: Proshare The Central Bank of Nigeria (CBN) has announced a review of the loan-to-deposit ratio (LDR) following a policy shift. CBN reduced the Loan-to-Deposit Ratio (LDR) by 15% to 50%. This is a new approach, as the CBN had earlier increased banks’ Cash Reserve Ratio (CRR) […]
More News
Broadband Connections Grow Modestly in Q1 2024
April 18, 2024/FBNQuest Research The most recent data from the Nigerian Communication Commission (NCC) shows that Nigeria’s broadband internet connections increased slightly by 1.3% m/m to 93.4 million in Feb ’24. This follows a modest -2.7% m/m decline in January. According to the NCC, mobile broadband accounts for a significant […]
IMF Revises 2024 GDP Forecast for Nigeria
April 18, 2024/CSL Research In its April 2024 World Economic Outlook, the International Monetary Fund (IMF) maintained its projections for Sub-Saharan Africa, anticipating a growth in Real Gross Domestic Product (GDP) of 3.80% y/y in 2024, compared to 3.40% in 2023. However, the IMF adjusted its forecast for Nigeria, expecting […]
