November 14, 2024/CSL Research The Central Bank of Nigeria (CBN) recently released the Purchasing Managers’ Index (PMI) survey for October 2024, covering three key sectors: Industry, Services, and Agriculture. The October 2024 composite PMI score was 49.6 points, indicating a contraction in economic activities. Typically, an index above 50.0 points […]
OPINION/EDITORIAL
Nigeria’s External Debt Payment Rises by 2% on Naira Volatility
November 14, 2024/FBNQuest Research The Debt Management Office’s (DMO) quarterly release on public debt shows that Nigeria’s total external debt payments increased slightly by +2% quarter-on-quarter (QoQ) but fell by -1% year-on-year (YoY) to US$42.9bn in Q2 2024. However, in naira terms, the rise in the nation’s stock of external […]
Growth in Sub-Saharan Africa is Diverging
(Credit: Andrew Caballero-Reynolds/IMF Photo) November 14, 2024/IMFBlog Sub-Saharan Africa is home to nine of the world’s top twenty fastest-growing economies this year. Such startling statistics, however, rarely feature in discussions of the region’s outlook. Instead, headline figures typically emphasize the relatively modest average economic performance. This disconnect reflects a two-track […]
