August 2024/CSL Research The Central Bank of Nigeria (CBN) recently released the Purchasing Managers’ Index (PMI) survey for July 2024, covering three key sectors: Industry, Services, and Agriculture. The July 2024 composite PMI score was 49.7 points, indicating a contraction in economic activities. Typically, an index above 50.0 points signals […]

August 21, 2024/CSL Research Based on news reports, the Federal Government announced on Monday that it has paid off ₦205 billion of the ₦1.3 trillion debt owed to Generation Companies (Gencos) to improve liquidity in the power sector. The Minister of Power, Chief Adebayo Adelabu, emphasized the urgent need to […]

(Credit: IMF) August 21, 2024/IMFBlog By The Editors Beyond benchmark measures like employment, growth, and inflation, economics encompasses the full spectrum of humanity. It affects—and reflects—everyone. Central bankers may be most acutely aware of this, as well as the high cost for people should they falter in charting the policies […]