August 26, 2024/Cordros Update Recent data from the National Bureau of Statistics (NBS) revealed that the domestic economy sustained its positive growth momentum in Q2-24, as the real GDP grew by 3.19% y/y (Q1-24: +2.98% y/y | Q2-23: +2.51% y/y). The growth outturn is 61bps and 1bp lower than Cordros’ […]
OPINION/EDITORIAL
Economists Note a Persistent Rise in FGN Fiscal Deficit in April 2024
August 26, 2024/FBNQuest Research The most recent data from the Central Bank of Nigeria (CBN) shows that the Federal Government of Nigeria’s (FGN) fiscal operations resulted in a fiscal deficit of -N824.8bn in April 2024. The deficit in April is slightly higher than the -N823.9bn recorded in March 2024 but […]
Oil Jumps 2% During Fed Jackson Hole Meeting
August 23, 2024/Oilprice.com WTI crude rose more than 2% as the Fed delivered its Jackson Hole meeting. Stocks, bonds, and gold prices rose during the meeting as the dollar lost some strength. Friday, August 23rd, 2024 Oil prices have been rangebound this week, recovering after […]
