August 5, 2024/CSL Research The Nigerian private sector contracted due to elevated inflationary pressures that dampened demand, leading to declining business activity and new orders in July 2024. The Stanbic IBTC Bank Nigeria PMI recorded a headline index of 49.2 in July 2024 from 50.1 recorded in June 2024 indicating […]

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 […]

(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 […]