July 30, 2021/IMF Weekend Read In today’s edition we focus on the two-track pandemic recovery, digital money and cryptoassets, the pandemic needs of low-income countries, the informal economy, how the Dominican Republic is tackling COVID-19, digital financial inclusion in India and much more. On that note, let’s dive right in. WIDENING […]
OPINION/EDITORIAL
FX Liquidity Crunch Subdues Foreign Inflows
July 30, 2021/CSL Research According to data released by the National Bureau of Statistics (NBS), Capital importation into Nigeria in Q2 2021 declined 54.1% q/q to US$0.88bn, the lowest since Q1 2016. The decline reflects continued foreign investors’ risk aversion towards Naira assets and weak confidence due to FX liquidity […]
A Narrowing of the Current Account Deficit in Q1 2021 from -4.7% to -1.8% of GDP
July 30, 2021/Proshare By FBNQuest Research Nigeria’s current-account deficit narrowed in Q1 ’21 from -4.7% to -1.8% of GDP. This was the result of lower net outflows for trade, services and income, together with a welcome pick-up in net transfers (workers’ remittances and general government transactions). Nigeria is fairly new […]
