September 7, 2021/Coronation Research In a recent press statement, the Central Bank of Nigeria (CBN) stated its plans to launch its Central Bank Digital Currency (CBDC) pilot scheme called the eNaira on 1 October 2021 with Bitt Inc, a financial technology company that utilises blockchain and distributed ledger technology to […]
OPINION/EDITORIAL
Trade Deficit Contracts by 52.6% Q/Q in Q2-2021
September 7, 2021/United Capital Research The National Bureau of Statistics (NBS) released Nigeria’s Foreign Trade in Goods Statistics for Q2-2021. During the quarter, total merchandise trade grew 23.3% q/q and 88.7% y/y to N12.0tn from N9.8tn in Q1-2021 and N6.4tn in Q2-2020. The increase was due to a sharp growth […]
Trade Deficit Narrows on Increased Crude Oil Receipts
September 7, 2021/CSL Research Based on the foreign trade in goods statistics released by the National Bureau of Statistics (NBS), the total value of Nigeria’s merchandise trade increased by 23.3% q/q and 88.7% y/y to N12.0trn in Q2 2021 from N9.8trn in Q1 2021 and N6.4trn in Q2 2020. An […]
