October 13, 2021/United Capital Research The 2021 Budget Appropriation Act was passed and signed into law on Dec-2020. However, In H2-2021, an additional supplementary budget of N982.7bn was passed resulting in a total appropriated expenditure of N14.57tn. The 2021 Appropriation Act was projected to be funded by an aggregate revenue […]
OPINION/EDITORIAL
Structural Issues Gulping Unavailable Foreign Exchange
October 13, 2021/CSL Research Based on the recently updated external sector statistics of the Central Bank of Nigeria (CBN), FX consumed in the importation of Crude Oil between January to August 2021 summed up to US$690.19m, lower than US$930.24m in the corresponding period in 2020. Over time, the sustained lack […]
A Hobbled Recovery Along Entrenched Fault Lines
(PHOTO: JOAQUIN SARMIENTO/ISTOCK BY GETTY IMAGES) October 12, 2021/IMFBlog By Gita Gopinath The global recovery continues amid increasing uncertainty, more complex policy trade-offs. The global recovery continues but momentum has weakened, hobbled by the pandemic. Fueled by the highly transmissible Delta variant, the recorded global COVID-19 death toll has risen close […]
