COVID-19 finally lays fangs on Nigeria’s GDP as economy contracts -6.10 to N15.89trn in Q2
Moses Obajemu & Charles Abuede Dwindling domestic and international economic activities caused the Nigerian economy and the gross
Nigeria’s reserve money hits N12tr
By Moses Obajemu Nigeria’s stock of bank notes, including currency in circulation and the currency that is physically
FG to raise N470bn in third quarter
By Moses Obajemu The federal government is to raise a total of N470 billion in the third quarter of 2020 through the bond market. A
Foreign reserves dip by $86m
By Moses Obajemu The CBN’s foreign reserves sustained its descent as forex outflows continue to outpace inflows, thus dipping by
Banking sector loan exposure to oil and gas sector at 26 percent
By Moses Obajemu Nigeria’s banking system exposure to the oil and gas industry stood at 26 percent as at April 2020, indicating
Nigeria savers gave banks N9trn to keep as deposits by end of Q1
By Moses Obajemu Nigerian savers gave their banks a total of N8.6 trillion to keep in various demand deposit accounts across
Tackling the forex crisis with new payment channels
Moses Obajemu As the forex crisis in Nigeria heightens with unmet demands piling up week after week, stakeholders have called for a
Nigeria MPC’s pro-growth agenda in Covid-19 era
By Moses Obajemu After 14 months of retaining the monetary policy rate (MPR) at 13.5 per cent, the Monetary Policy Committee last week
CBN, ABCON move to wreck currency speculators, restore normalcy to forex market
Moses Obajemu The naira is facing its greatest risk from the coronavirus pandemic, as currency speculators continue to make spurious
Banks stop consumer loans over Covid-19
Moses Obajemu In response to the uncertainty in the employment status of some of their customers arising from the Covid-19