CONTENTS. CURRENCY. NIGERIA’S ECONOMIC SHIFT. FINANCES. CURRENCY The Nigerian Naira’s Rollercoaster Ride in H1 2024. The Nigerian Naira’s Rollercoaster Ride in H1 2024 Steep Climb and Bumpy Descent The first half of 2024 was a period of significant volatility for the Nigerian naira. January saw a sharp rise from N907.11/$1 in December 2023 to over […]
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CONTENTS. MONETARY POLICY RATE. FISCAL POLICY. GROSS DOMESTIC PRODUCT FINANCIAL LITERACY. MONETARY POLICY RATE. MPR Hiked for the 3rd Consecutive Time by the CBN. Following a two-day meeting, on the 20th and 21st of May 2024, the Central Bank of Nigeria’s Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) has decided to
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CONTENTS. ECONOMY. CAPITAL MARKET. FINTECH. ECONOMY. Recapitalisation. The Central Bank of Nigeria (CBN) announced an upward review of Nigeria’s minimum capital requirement for commercial, merchant, and non-interest banks. On March 28, 2024, the Central Bank of Nigeria (CBN) announced some exciting news for the banking industry in Nigeria. The CBN has decided to increase Nigeria’s
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CONTENT 01: MACROECONOMY 02: FINANCIAL PLANNING MACROECONOMY. Photo Credit – istock images The Central Bank of Nigeria (CBN) made a significant move in March 2024 by raising the Monetary Policy Rate (MPR) by 200 basis points, bringing it to 24.75%. Let us explore the effects of this decision: Tackling Inflation: The MPR hike reflects
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CONTENT 01: MACROECONOMY 02: INFLATION 03: CURRENCY GROSS DOMESTIC PRODUCT. Nigeria GDP Annual Growth Rate. Image source – istock photo Nigeria’s economy grew at a faster pace than expected in the fourth quarter of 2023, with an annual growth of 3.46% compared to 2.54% in the previous period. This marks the 13th consecutive quarter of
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CONTENT 01: SAVINGS 02: FINANCIAL ADVISORY 03: CURRENCY 04: STOCK EXCHANGE SAVINGS The Power of Savings: Saving money is a fundamental financial habit that plays a crucial role in securing our financial future. By consistently setting aside a portion of our income, we build a safety net that can help us weather unexpected expenses, achieve
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Monthly Digest – December 2023 Content Loans Capital Market Currency Macroeconomy Loans Loans play a crucial role in our modern financial system, providing individuals and businesses with the necessary funds to achieve their goals and aspirations. In this article, we will explore the fundamentals of loans, including their types, benefits, and important considerations. Whether you’re
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