CFG AFRICA MACROECONOMIC HIGHLIGHTS 23042025

Currency in circulation drops to N5tn – Report –  The total amount of naira in circulation decreased to N5tn as of March 2025, marking a decline from N5.04tn recorded in February 2025. This represents a further reduction from N5.24tn in January 2025, according to the latest money and credit statistics on the website of the […]

CFG AFRICA MACROECONOMIC HIGHLIGHTS 22042025

NNPCL sells N336bn crude to Dangote, foreign refiners – Report-  The Nigerian National Petroleum Company Limited generated N336.37bn from crude oil sales in the first quarter of 2025, with Dangote Petroleum Refinery accounting for over 32 per cent of the transactions, according to findings by The PUNCH. The details were contained in internal documents from […]

CFG AFRICA MACROECONOMIC HIGHLIGHTS 17042025

NGX reverses gains as investors lose N445bn – The Nigerian Exchange reversed previous gains on Wednesday, April 16, as investors lost N445bn following a widespread decline in banking stocks, especially Guaranty Trust Holding Company and Zenith Bank. At the close of trading, the All-Share Index dropped by 708.14 points, representing a 0.68 per cent decline, […]

CFG AFRICA MACROECONOMIC HIGHLIGHTS 16042025

Federation Account allocation falls third straight month to N1.57tn – The Federation Account Allocation Committee has reported a further decline in monthly disbursements to the Federal Government, states, and local government councils, with a total of N1.578tn shared as March 2025 revenue. This marks the third consecutive monthly drop in allocations this year, following N1.678tn […]