January 29, 2025/CSL Research The Central Bank of Nigeria (CBN) has introduced a new Foreign Exchange (FX) Code to enhance liquidity, transparency, and guide participants in Nigeria’s foreign exchange market. Recognized as a global standard for best practices, the FX Code addresses risks in the country’s evolving financial landscape while […]
OPINION/EDITORIAL
Nigeria Records Drop in Merchandise Trade, Sustains Net Trade Surplus in Q3 2024
January 28, 2025/FBNQuest Research The Central Bank of Nigeria (CBN) disclosed that the total value of Nigeria’s merchandise trade decreased by -3% quarter-on-quarter (QoQ) and -13% year-on-year (YoY) to US$22.8bn in Q3 2024 according to the Quarterly Statistical Bulletin (QSB). The sequential reduction in the nation’s trade position was primarily […]
Nigeria’s Public Debt Rises to N142.32Tn in Q3 2024
January 28, 2025/CSL Research Recent data from Nigeria’s Debt Management Office (DMO) reveals that the country’s total public debt reached ₦142.32 trillion (US$88.89 billion) by the end of Q3 2024. This represents a 5.97% increase from ₦134.30 trillion (US$91.35 billion) recorded at the end of Q2 2024 and a significant […]
