FBNQuest

The most recent power sector report from the Nigerian Electricity Regulatory Commission (NERC) indicates a -9.5% q/q decline in total electricity generated by distribution companies (Discos) to 8,776.6 gigawatt hours (GWh) in Q2 '24. It also reflects a y/y decrease from 8,867.1 GWh generated in Q2 '23. The reduction in generated electricity is primarily due to a decline in available generating capacity across the grid's power plants. #FBNQuestResearch

Join us live! Protecting your assets even when you're old & grey is possible, but do you know how? Click the link below to tune into the latest episode of the Legacy Room for an extensive discussion on how to go about it. https://bit.ly/3NYBrC2 #LegacyRoom #FBNQuestTrustees

Getting exploited by your loved ones at old age is not something anyone expects, but is something you can safeguard against. Join Sir Ro, Capone and their guests on the live premiere of The Legacy Room at 12pm today as they discuss how to safeguard your assets from exploitation during old age. #LegacyRoom #FBNQuestTrustees

In continuation of our discussion from the data produced by the Nigerian Communications Commission (NCC), Nigeria’s broadband connections declined by -4% m/m to 90.1 million in Sep ’24. The reduction in September marks the second consecutive month of decline. According to NCC, mobile broadband accounts for a substantial portion (over 99%) of Nigeria’s broadband connections due to the convenience and relatively low cost of acquiring mobile lines. Consequently, the m/m drop in broadband connections can be explained by the decrease in active mobile lines. #FBNQuestResearch

What would you do if your child wanted to put you in a home and take over management of your finances? In the next episode of #TheLegacyRoom, join Rotimi Obende (FCA, MBA), Mutiat Olatunji, Thelma Jiakponna and Deborah Oyetunji dive into practical tips for maintaining financial independence in your golden years, from safeguarding assets to setting up structures to keep you in control. Don't miss out—catch the live premiere on YouTube tomorrow at noon! #FBNQuestTrustees

Today, we turn our attention to the most recent update from the Central Bank of Nigeria (CBN) on money and credit statistics. We see from the CBN’s data that credit extension to the private sector expanded by +27% y/y to about NGN75.9trn in Sep ’24. This growth marks the slowest pace of PSCE growth since May ’23, when PSCE expanded by +16% y/y. It is worth noting that this estimation of PSCE covers lending by the entire banking system and not only deposit money banks (DMBs). It also covers lending by the CBN and state-owned development banks, such as the Bank of Industry, and smaller credit extensions by other banks, such as microfinance and non-interest banks. #FBNQuestResearch

If you've been waiting for a reason to invest in the FGN Savings Bond, here are 5 reasons we think it’s a great investment choice. The November Offer closes November 8. To start investing now, contact us at customercareunit@fbnquest.com or 02018886722. #FGNSavingsBond #FBNQuestSecurities #FBNQuest

According to data from the Debt Management Office (DMO), Nigeria’s total external debt service payments increased by approximately 40% y/y to USD1.1bn. Sequentially, debt service payments also rose by around 19% q/q. Regarding the breakdown, external debt service consists of USD288m in market debt and USD832m in non-market debt, respectively. Notably, FGN debt service payments tend to be higher during the third and first quarters, partly due to the concentration and value of debt issuances in those periods. #FBNQuestResearch

Meet Victor Boluwaji, a graduate trainee at FBNQuest who, despite his adventurous childhood, found his way to becoming a Domestic Operations Officer. He shares his journey of transitioning into the 9-5 professional world. Watch the video to learn more! #PeopleofFBNQuest #Graduatetrainee.

Your charitable deeds can leave a lasting legacy with the right plan in place. Join our Estate Planning Advisors on Classic FM today at 5:30 PM as they share how to make your impact continue, even in your absence. See the flyer for additional listening times.   #LegacySeries #FBNQuestTrustees #FBNQuest