Monthly Archives: May 2022

The Monetary Policy Committee (MPC) of the Central Bank of Nigeria has increased the Monetary Policy rate to 13% after over two years of expansionary monetary policy. This was disclosed by the Governor of the CBN, Godwin Emefiele, while reading the communique of the third MPC meeting of the year, on Tuesday 24th May 2022. The rate […]

LASACO Assurance Plc has published its First Quarter report for the period ended 31 March 2022. The underwriting firm reported a Gross Premium Written of N5.073 billion for the 3 months period, down by 24.26% from N6.698 billion reported in Q1 2021. Profit after tax grew by 64.05% to N297.57 million from N181.39 million reported the previous[…]

Latest report published by the National Bureau of Statistics revealed that Nigeria’s Gross Domestic Product (GDP) grew by 3.11% (year-on-year) in real terms in the first quarter of 2022, showing a sustained positive growth for six consecutive quarters since the recession witnessed in 2020 when negative growth rates were recorded in quarter two and three of 2020.[…]