June 30, 2025/CSL Research According to data released last week by the Central Bank of Nigeria (CBN), the current account recorded a surplus of US$3.7 billion (2.0% of GDP) in Q1 2025. This represents a slight decline from the US$3.8 billion surplus posted in the previous quarter but reflects a […]
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AfDB, AIIB Sign MoU Renewing Their Collaboration on Sustainable Economic Development for Africa
African Development Bank president Dr. Akinwumi Adesina, and AIIB President and Chair of the Board of Directors Jin Liqun. Image Credit: aiib.org The MOU will promote among other things, co-financing, co-guaranteeing and other forms of joint participation in financial assistance for development projects primarily in sustainable infrastructure June 30, 2025/AfDB […]
Fed Says Stress Test Shows Large Banks Positioned to Weather Severe Recession
The results of the Federal Reserve Board’s annual bank stress test showed that large banks are well positioned to weather a severe recession, while staying above minimum capital requirements and continuing to lend to households and businesses. Under this year’s hypothetical recession, the aggregate decline in the common equity tier […]
