September 11, 2020/IMFBlog By Saad Noor Quayyum and Roland Kangni Kpodar Just as COVID-19 has disproportionately impacted some communities more than others, globally, the virus has had an oversized negative impact on migrant workers. Perhaps surprisingly, despite the bleak experience for foreign overseas workers during the pandemic, the effect on […]
OPINION/EDITORIAL
Banking Sector Staff Strength Declines to 9-Quarter Low
Culled—Proshare September 11, 2020 by CSL Research Yesterday, the National Bureau of Statistics (NBS) published the data on key banking sector statistics. According to the report, the total staff strength of the banking sector declined by 9.5% y/y and 2.6% q/q to 94,498 persons which represents a 9-quarter low. The […]
A Manageable Rise in the FGN’s Domestic Debt
Culled—Proshare September 11, 2020 by FBNQuest Research The FGN’s domestic debt stock increased to N15.46trn (US$40.0bn) at end-June, equivalent to 10.7% of 2019 GDP. The total rose by N930bn in the quarter according to the DMO’s timely update, and the stock of FGN bonds by N680bn over the period. It […]
