August 2, 2024/FBNQuest Research According to data from the Central Bank of Nigeria (CBN), the total currency in circulation (CIC) increased to an all-time high of N4.1trn, marking a 56% year-on-year (YoY) increase compared with N2.6trn in July 2023. The CBN’s data also reveals that 94% (N3.8trn) of the currency […]
OPINION/EDITORIAL
China’s Service Sector Is an Underutilized Driver of Economic Growth
(Credit: Raul Ariano/IMF Photo) August 2, 2024/IMF IMF COUNTRY FOCUS China’s economic development over the last several decades has been remarkable amid rapid growth. We project growth will remain resilient at around 5 percent in 2024, despite the continued property sector adjustment. At the same time, China has relied too much […]
Currency in Circulation Up 56%Y/Y to N4.05Trn
August 2, 2024/CSL Research Money Supply statistics from the Central Bank of Nigeria (CBN) as of June 2024 revealed that currency in circulation (CIC) grew by 56% in June 2024 to reach an all-time high of N4.05trn from N2.6trn (June 2023). Month-on-month, there was a marginal increase of 2.1% from […]
