Trend in Nigerian population growth
The world population is increasing, with already more than 7 billion people on the planet. The population is expected to increase to 9.7 billion people by 2050. About 40 per cent of the…
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Banks’ non-performing loans, PAT and others in Q3 2020
The nine-month financials of deposit money banks in the country are beginning to show the magnitude of the impact of COVID 19 on the performance of financial institutions in the country.…
Nigeria’s trade balance hits N1.8 trillion deficit in Q2 2020
The recent National Bureau of Statistics (NBS) data for the period ended Q2 2020 shows a plunge in the country’s trading balance. Balance of Trade (BOT), that is, the difference between the…
Tier 1 banks’ loans up by 9% amid high exposure risk
The tier 1 banks in Nigeria, in no particular order – Access Bank, First Bank Nigeria, Guaranty Trust Bank (GTB), United Bank for Africa (UBA) and Zenith Bank Plc grew their combined loan…
Nigeria E-payment landscape: the new reality
The Nigeria electronic payment (E-payment) landscape continues to pose strong growth across various payment channels despite Nigeria’s economic realities. The population is much poorer today…