Increased credit to private sector to accelerate growth

The central bank, Royal Monetary Authority (RMA), projects a 22.6 percent increase in credit to the private sector, reaching a whopping Nu 204 billion, in the fiscal year 2023-24. According to RMA’s recent monetary policy statement, this is up from Nu 166.4 billion in the previous year, significantly higher than the 10.6 percent growth recorded during the pandemic in fiscal year 2021-22.

UBA Achieves 102% Growth in Pre-Tax Profit for Q3 2024, Driven by Strong Financial Performance

naija247news.com - 22/Oct 12:03

Naija247news has gathered that United Bank for Africa Plc (UBA) recorded an impressive 101.88% year-on-year growth in pre-tax profit for the third...

As Inflation Recedes, Global Economy Needs Policy Triple Pivot – Analysis

eurasiareview.com - 25/Oct 23:53

Let’s start with the good news: it looks like the global battle against inflation has largely been won, even if price pressures persist in some...

IFC, CBN Forge Partnership To Empower Nigeria’s Private Sector With Over $1 Billion

arise.tv - 28/Oct 11:35

IFC has partnered with CBN to provide over $1 billion in local currency financing, boosting Nigeria's private sector growth.

Adani Enterprises report increase in Q2 profits despite coal sector facing slowdown

times of india - 30/Oct 10:47

Adani Enterprises reported a substantial rise in Q2 profits, driven by the renewable energy sector's growth despite a slowdown in coal trading. The...

IMF lowers its growth forecast for the eurozone economy 23:20

socialbites.ca - 22/Oct 20:33

The International Monetary Fund (IMF) predicts a decline in euro area economic growth of 0.1 percent in 2024 and 0.3 percent next year. This is stated...

PSX Benchmark Index Inches Closer To 90,000 Mark – OpEd

eurasiareview.com - 26/Oct 23:11

The Pakistan Stock Exchange (PSX) witnessed bullish sentiments throughout the week ended on October 25, 2024. The benchmark KSE-100 index recorded...

Dangote Cement Sees Marginal Growth in Nine-Month Pre-Tax Profit to N406.38 Billion

freebiesloaded.co - 26/Oct 20:00

Naija247news gathered that Dangote Cement Plc reported a marginal rise in its pre-tax profit for the first nine months of 2024, reaching N406.38...

ZENITH BANK DELIVERS REMARKABLE TRIPPLE-DIGIT GROWTH IN GROSS EARNINGS AS PBT HITS N1.0 TRILLION IN Q3 2024

mockinbird.com.ng - 01/Nov 14:04

Zenith Bank Plc has announced its unaudited results for the third quarter ended 30 September 2024, recording a remarkable triple-digit growth of...

ZENITH BANK RECORDS REMARKABLE TRIPPLE-DIGIT GROWTH OF 118% IN GROSS EARNINGS AS PBT HITS N1.0 TRILLION IN Q3 2024

mockinbird.com.ng - 01/Nov 14:11

Zenith Bank Plc has announced its unaudited results for the third quarter ended 30 September 2024, recording a remarkable triple-digit growth of...

IMF Chief Projects Egypt’s GDP Growth to 4.2 Pct This FY.

varabnewsexpress.ae - 03/Nov 00:00

Cairo: Managing Director of the International Monetary Fund (IMF) Kristalina Georgieva projected on Sunday that Egypt's GDP growth will reach 4.2...

Rubriques :