February 23, 2021/IMFBlog by Davide Furceri, Jonathan D. Ostry, and Anthony C.K. Tan Asian economies are performing better than expected. In the IMF’s latest World Economic Outlook Update, we upgraded our growth estimate for 2020 by 0.7 percentage point from our previous forecast in October, to a contraction of 1.5 […]
OPINION/EDITORIAL
Another Small Rise in the Diminished FAAC Payout in February 2021
February 23, 2021/Proshare by FBNQuest Research The gross monthly distribution by the Federation Account Allocation Committee (FAAC) to the three government tiers and eligible agencies totalled NGN640bn (USD1.56bn) in February (from January revenue), This was NGN21bn above the previous month’s payout. From thin coverage in the local media, we learnt […]
Though Still in the Woods, Real Estate Sector GDP Positive in Q4 2020
February 23, 2021/Proshare by CSL Research According to the Q4 and full year 2020 GDP data released by the National Bureau of Statistics (NBS), real estate sector returned to positive growth of 2.81% y/y in Q4 2020 following six consecutive quarters of negative growth since the last positive growth posted […]
