January 2, 2025/CSL Research The Central Bank of Nigeria (CBN) recently released its October 2024 Economic Report, which provides an overview of economic developments across the real, fiscal, financial, and external sectors of the Nigerian economy. In the fiscal space, provisional data for October 2024 revealed a decline in gross […]

December 31, 2024/CSL Research Industry data from the Nigerian Communications Commission (NCC) reveals a significant year-on-year (y/y) decline in active mobile subscriptions for October 2024. The total number of active subscriptions dropped by 64.59 million, or 29.07%, to 157.60 million in October, down from 222.19 million in October 2023. However, […]

December 30, 2024/CSL Research In 2024, the Nigerian Naira experienced significant depreciation against the US dollar, influenced by various economic reforms and market dynamics. The Central Bank of Nigeria’s decision to float the currency in June 2023 led to increased volatility. The Naira declined to as low as N1910/US$ in […]