{"id":27540,"date":"2019-07-26T21:39:15","date_gmt":"2019-07-26T21:39:15","guid":{"rendered":"http:\/\/fdcng.com\/?p=27540"},"modified":"2019-07-26T21:39:15","modified_gmt":"2019-07-26T21:39:15","slug":"fdc-economic-monthly-publication-july-26-2019","status":"publish","type":"post","link":"https:\/\/fdcng.com\/fdc-economic-monthly-publication-july-26-2019\/","title":{"rendered":"FDC ECONOMIC MONTHLY PUBLICATION – JULY 26, 2019"},"content":{"rendered":"

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DOWNLOAD PDF<\/a><\/div> [\/vc_column][\/vc_row][vc_row][vc_column][vc_column_text]Dear Subscriber,<\/p>\n

The newly listed telco giants \u2013 MTN Nigeria and Airtel Africa \u2013 released their results for the first half of the year. Both recorded double digit growth in revenue during the period. Together, they account for 27.56% of the NSE\u2019s total market cap. The impressive earnings notwithstanding, have failed to alter investor sentiment as the NSE has lost 11.17% year to date.<\/p>\n

The Monetary Policy Committee of the Central Bank of Nigeria (CBN) has held rates constant for a 2nd<\/sup> consecutive meeting. In the absence of a Fiscal policy team, the CBN is attempting to drive GDP growth by stimulating credit growth. With inflationary pressures lurking, the CBN is waiting to see if aggressive moral suasion will yield positive results.<\/p>\n

According to EFInA, 63.6% of Nigerian adults are financially literate. The CBN, in its National Financial Inclusion Strategy, has developed a road map to ensure this figure rises to 80% by 2020.<\/p>\n

To achieve this, it has introduced regulations and guidelines for the licensing and operations of payment service banks (PSBs). Leveraging telcos as PSBs will not only grant the unbanked public increased access to financial services, but will also ease their access to funds.<\/p>\n

In this edition of the FDC\u00a0Monthly\u00a0publication, the FDC Think-Tank analyses these issues and their implications on businesses and the economy at large.<\/p>\n

Enjoy your read.[\/vc_column_text][\/vc_column][\/vc_row]<\/p>\n","protected":false},"excerpt":{"rendered":"

[vc_row][vc_column][\/vc_column][\/vc_row][vc_row][vc_column][vc_column_text]Dear Subscriber, The newly listed telco giants \u2013 MTN Nigeria and Airtel Africa \u2013 released their results for the first…<\/p>\n","protected":false},"author":7,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[18,35,21],"tags":[],"_links":{"self":[{"href":"https:\/\/fdcng.com\/wp-json\/wp\/v2\/posts\/27540"}],"collection":[{"href":"https:\/\/fdcng.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/fdcng.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/fdcng.com\/wp-json\/wp\/v2\/users\/7"}],"replies":[{"embeddable":true,"href":"https:\/\/fdcng.com\/wp-json\/wp\/v2\/comments?post=27540"}],"version-history":[{"count":2,"href":"https:\/\/fdcng.com\/wp-json\/wp\/v2\/posts\/27540\/revisions"}],"predecessor-version":[{"id":27542,"href":"https:\/\/fdcng.com\/wp-json\/wp\/v2\/posts\/27540\/revisions\/27542"}],"wp:attachment":[{"href":"https:\/\/fdcng.com\/wp-json\/wp\/v2\/media?parent=27540"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/fdcng.com\/wp-json\/wp\/v2\/categories?post=27540"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/fdcng.com\/wp-json\/wp\/v2\/tags?post=27540"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}