OPINION/EDITORIAL

June Composite PMI at 52.3 Points

July 10, 2025/CSL Research The Central Bank of Nigeria (CBN) has released the June 2025 Purchasing Managers’ Index (PMI) report, covering the Industry, Services, and Agriculture sectors. The composite PMI rose slightly to 52.3 points, up from 52.1 points in May, marking the seventh consecutive month of economic expansion and […]

Enchanting, but Not Magical: A Statement on the Tokenization of Securities

July 9, 2025/US SEC Commissioner Hester M. Peirce Blockchain technology has unlocked novel models for distributing and trading securities in a “tokenized” format. Tokenization may facilitate capital formation and enhance investors’ ability to use their assets as collateral. Enchanted by these possibilities, new entrants and many traditional firms are embracing […]