Wednesday, January 22, 2025
Economic Data
Global Economy: Stronger Growth in Oil Prices Pushes U.S Inflation to the Highest Since August
(Greenwich Merchant Bank): The U.S. Inflation rate ticked higher in December, though at a modest pace, fueled mainly by the...
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Nigeria’s Inflation rate continues to soar, hits 15.75% in December 2020
The Consumer Price Index (CPI) which measures inflation increased by 15.75 percent (year-on-year) in December 2020. This is 0.86 percent...
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Trade deficit of the United States rises to its highest level in 14 years high
The United State's trade deficit has risen to its highest level in 14 years in November 2020, as businesses boosted...
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Domestic Economy: Bouts of Positive Sentiment Eases Outlook on Credit Supply in Q1:2021
(Greenwich Merchant Bank): Credit conditions continued to improve in the fourth quarter, as broad-based growth in secured, unsecured and corporate...
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The Proportion of approved loan applications decreased in Q4 2020, as lenders tightened credit scoring criteria – CBN report
The Central Bank of Nigeria (CBN) in its Credit Survey Report for December 2020, has presented trends and developments in...
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Domestic Economy: Nigerian Capital Inflows Take a Beating, Down 74.03% YoY
Greenwich Merchant Bank): Capital importation fell noticeably in the third quarter, reeling from the impact of the COVID-19 pandemic and...
Read moreInflation rate hits a new level, the highest since February 2018
The consumer price index, (CPI) which measures inflation increased by 14.89 percent (year-on-year) in November 2020. This is 0.66 percentage...
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Capital importation into Nigeria went to only 6 states and FCT in Q3 2020
The total value of capital importation into Nigeria declined 74% YoY to settle at $1,461.49m in the third quarter of...
Read moreCapital Importation into Nigeria falls by 74% YoY in Q3 2020- NBS
The total value of capital importation into Nigeria stood at $1.461 billion in the third quarter of 2020. This represents...
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Banking sector credit to the private sector settles at N19.87trn, as NPL declines
Banking sector credit to the private sector stood at N19.87trn as of Q3 2020, an increase of 5.58% compared to...
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