September 9, 2024/CSL Research The Central Bank of Nigeria (CBN) recently released the Purchasing Managers’ Index (PMI) survey for August 2024, covering three key sectors: Industry, Services, and Agriculture. The composite PMI for August stood at 50.2 points, marking the first expansion in economic activities after 13 consecutive months of […]
OPINION/EDITORIAL
Cement Sector Growth Remains Suppressed
September 6, 2024/United Capital Research Based on Q2 GDP numbers, the cement sector’s growth rate declined significantly y/y, down 47.98% to 1.74% in Q2 2024 from 3.34% in Q2 2023. On a q/q basis, the growth rate also decreased by 15.36%, falling from 2.05% in Q1 2024. This downward trend […]
NCC Data Shows Significant Broadband Gap
September 5, 2024/FBNQuest Research Nigerian Communications Commission data shows broadband trends over the past two years, with broadband penetration peaking at 48.5% in Feb ’23, dropping to 40.8% in September 2023, and rising subsequently. Despite a 2.5% y/y increase in subscriptions to 94.2 million in March 2024, penetration fell by […]
