Currency in Circulation Rises 130% Y-o-Y, Reaching an All-Time High of N3.87trn in March 2024

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Weekly Snapshot on the African Economy as Jairah Micah

In Nigeria, average crude oil production increased slightly by 4.14% to 1.28 million barrels per day (excluding condensates) in April 2024 from 1.23 million bpd in March.

In Zambia, the Central Bank of Zambia increased its

In this week's episode of #IslamicFinanceWeekly , watch Rahma Say Muhammed as she discusses 'Islamic Fintechs and Financial Inclusion in Northern Nigeria' with Abdulazeez Oguntoyinbo – Founder/CEO HalalVest.

Watch the full episode here:
Official Website:

'The #VAR technology is not the problem. It is the quality/selection of humans who make the final calls that distort the value expected therefrom - they take too long to arrive at process/criteria; and, on the balance make decisions that turn out to be inconsistent.'

- Anon

Hasty generalization.

At the recent auction, DMO Nigeria offered N450bn worth of FGN papers, but sales only reached N381bn, falling short of the target and marking a significant reduction compared to the previous month.

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Nigeria in 1min: Economic, Business and Financial Headlines – 170524

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#1minNews

The Nigerian Markets at a Glance 16th May 2024

Visit our Data Hub via proshare.co/Stocks?menu=Ma… for more market information.

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.NASD OTC Exchange Records Two Listings in Q2 2024, Anticipates More Trade on OTC Exchange in the Year

🔗 proshare.co/articles/q2-20…

NAFEM Window and BDC (USD, GBP, CAD, EURO & YUAN) Rates – May 16, 2024

Closing Rate - N1,533.99

BDC Rate - N1,523

GBP Rate - N1,910

EURO Rate - N1,620

CAD Rate - N1,138

YUAN Rate - N150

Compare more currencies at proshare.co/ExchangeRates

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#VIDEO : FINTECH ASSOCIATION OF NIGERIA Social Meet 9.0 Discusses Growth of Consumer Credit in Nigeria

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Official website: proshare.co/articles/finte…
YouTube: youtu.be/9qHtSasjavY

#ConsumerCredit
#Fintech
#PersonalFinance
#Economy
#Finance

Investors Gained N466.73bn as NGXASI Advanced by 0.84%; BDC Rate Closed flat at N1,523/USD

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Happy International Day of the Boy Child!

Here's to raising boys who grow into kind, courageous, and compassionate men.

#InternationalDayOfTheBoyChild

'There are two powers in the world; one is the sword, and the other is the pen. There is great competition and rivalry between the two. There is, however, a third power stronger than both, that of the women.'

- Muhammad Ali Jinnah

'Whenever someone starts talking about 'fair competition' or, indeed, about 'fairness' in general, it is time to keep a sharp eye on your wallet, for it is about to be picked.'

- Murray N. Rothbard

UPDC Plc declares N1.51m PAT with a 9.4% decline in revenue in FY 2023 audited results (SP: N1.4K).

🔗 proshare.co/articles/updc-…

Join Rahma Say Muhammed on this week's episode of #IslamicFinanceWeekly as she discusses 'Islamic Fintechs and Financial Inclusion in Northern Nigeria' with Abdulazeez Oguntoyinbo - Founder/CEO HalalVest.

Don't miss this insightful discussion!
⏲️: 11 a.m.
Friday, May 17th.

NDIC’s N5M Deposit Insurance Protection: Matters Arising

The upward review of bank deposit risk protection coverage marks the first review in 8 years, following the last assessment in 2016. The adjustment has elicited commendations from analysts, who believe it is a pivotal step

PENSIONS: 86.7% of members' funds is already held in Government Securities as of Q4 3023 (and 66% of the total assets)...

cc: Proshare National Pension Commission (PenCom) Federal Ministry of Finance Central Bank of Nigeria #EA