Global Economy –Rundown:
The world Economic outlook for 2020, is pegged at a growth rate of 2.5%, amidst persisting weakness trailing investment and trading activity globally, while advanced economies growth for the year is estimated at 1.4%, this projection hinge on the continued flagging manufacturing data. Growth estimate for emerging market and developing economies is projected around 4.1%, the improved acceleration was based on the anticipated economic rebound to be experienced by some few group of the emerging market that were once underperforming, while one-third of the emerging market and developing economies are expected be on a downward slide for the year given slowed expected investment and export activities.
Domestic Economy –Rundown:
The aggregate amount of deposits reserve kept with Central Bank of Nigeria within a nine month period from 11 commercial Banks sums up to N3.17tn, in no particular order, the sum received were; Access Bank, EcoBank, Fidelity Bank, FCMB, FBNH,GTB and Stanbic ( N79.63bn , N985.98bn, N418.30bn, N172.73bn, N418.30bn, N172.73bn and N697.45bn, N89.61bn and N319.7bn, just few mentioned.