December 24, 2024/CSL Research According to the capital importation data from the Nigeria Bureau of Statistics (NBS), the telecoms sector attracted investments worth US$14.74 million in Q3 2024, a sharp 76.99% y/y decline compared to US$64.05 million in Q3 2023. On a quarter-on-quarter basis, foreign capital inflow into the sector […]
OPINION/EDITORIAL
CBN Says Q3 Money Supply Grew +13.72% to N28.14Trn in Q3 2024-Report
December 23, 2024/CBN SUMMARY In Q32024, global economic activity decelerated driven, primarily, by a downturn in the manufacturing sector. Within the Advanced Economies (AEs)and several Emerging Markets and Developing Economies (EMDEs), economic performance exhibited a mixed trajectory, largely influenced by country-specific dynamics. Inflation eased across most AEs and EMDEs, the […]
CBN Reports Increase in Money Reserve in Q3 2024
December 23, 2024/CSL Research The Central Bank of Nigeria’s (CBN) Q3 2024 economic report revealed an increase in reserve money (RM), driven by growth in currency-in-circulation (CIC) and liabilities to other depository corporations (LODCs). Compared to the level at the end of December 2023, RM grew by 13.72% to ₦28.14 […]
