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Treasury Newsletter – October 8, 2021
FG Presents 2022 Budget of Economic Growth and Sustainability: President Muhammadu Buhari on Thursday presented the 2022 National budget captioned “Budget of Economic Growth and Sustainability” to the National Assembly, stating that it was a budget designed to build on the...
Treasury Newsletter – September 30, 2021
Company sues CBN for using the name ‘ENaira’: After the successful deployment of the Central Bank Enaira website and days away from the activation of the eNaira itself, a cease and desist notification has been sent to the Central Bank of...
Treasury Newsletter – September 24, 2021
Nigeria’s Agricultural Export Surges to Highest on Record: Nigeria exported agro-food items worth N165.27 billion in the second quarter of 2021, representing a 112% increase compared to N78.03 billion recorded in the corresponding period of 2020. This is also the highest...
Treasury Newsletter – September 17, 2021
Nigeria’s inflation rate drops to 17.01% in August 2021, 5th consecutive decline: According to the National Bureau of Statistics (NBS), Nigeria’s inflation rate in the month of August 2021 dropped to 17.01% from 17.38% recorded in July 2021. This represents the...
Treasury Newsletter – September 10, 2021
Nigeria’s international trade deficit hits N5.81 trillion in H1 2021: According to the recently released foreign trade report by the National Bureau of Statistics (NBS), Nigeria extended its negative trade balance in the first half of 2021, as its trade deficit...
Treasury Newsletter – September 3, 2021
CBN Selects Technical Partner for Digital Currency Project: The Central Bank of Nigeria (CBN) has announced the formal engagement of the global Fintech Company, Bitt Inc., as the Technical Partner for its digital currency, named eNaira, which is due to be unveiled...
Treasury Newsletter – August 27, 2021
Nigeria Records a Massive 5.01% Real GDP Growth Y-o-Y in Q2 2021: Nigeria’s Gross Domestic Product (GDP) grew by 5.01% (year-on-year) in real terms in the second quarter of 2021, marking three consecutive quarters of growth following the negative growth rates...
Treasury Newsletter – August 20, 2021
Nigeria’s inflation rate drops to 17.38% in July 2021: Reports from According to the recently published consumer price index report by the National Bureau of Statistics (NBS), Nigeria’s inflation rate dropped further in July 2021 to 17.38% compared to 17.75%...
Treasury Newsletter – August 13, 2021
Nigeria’s Credit to the Private Sector Hits all Time High of N32.6 Trillion: According to data from central bank of Nigeria, Nigeria’s total credit to the private sector of the economy was at an all-time high of N32.63 trillion as of...
Treasury Newsletter – July 23, 2021
CBN to launch digital currency by October: The Central Bank of Nigeria with its stakeholders outlined its digital currency initiative via a private webinar held on Thursday this week. The Nigerian Central Bank Governor, Godwin Emefiele had earlier announced that the...
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