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 […]
OPINION/EDITORIAL
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 […]
Index Rises from 49.7 Points in July 2024 to 50.2 Points in August 2024-CBN PMI Report
September 5, 2024/CBN 1.0 Introduction The August 2024 Purchasing Managers’ Index (PMI) survey was conducted from August 12-16, 2024, to gauge the direction of economic activities in Nigeria for the month. The survey respondents were the company’s Purchasing and Supply Executives, drawn from the three sectors of the economy, namely: […]
