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 […]
OPINION/EDITORIAL
Now Is the Time to Help Countries Faced with Liquidity Challenges
(Credit: Kim Haughton/IMF Photo) August 1, 2024/IMFBlog By Ceyla Pazarbasioglu and Pablo Saavedra Many countries are being squeezed by increasing interest payments and high debt redemptions. The economic scarring of the pandemic, conflicts around the world, and the abrupt rise in global interest rates have hit low-income countries the hardest. […]
Fuel Subsidy: Landing Cost Sustain Upward Trend
July 31, 2024/CSL Research According to news reports, last week, the Major Energy Marketers Association of Nigeria (MEMAN) reported that the landing cost of petrol was N1,117/litre. MEMAN also disclosed that the landing costs of diesel and aviation fuel were N1,157/litre and N1,127/litre, respectively. While the pump prices of diesel […]
