July 22, 2024/CBN The Nigerian economy-maintained growth at a slower pace in 2023 despite facing global and domestic headwinds. Gross Domestic Product (GDP) growth decelerated to 2.74% from 3.40% and 3.10% recorded in 2021 and 2022, respectively, indicating a continued decline in annual output growth following the recovery from the […]
OPINION/EDITORIAL
FAAC Disbursement Rises by 18.3% in July
July 22, 2024/CSL Research A total sum of N1.35trn was shared by the Federal Government (N459.7bn), States (N461.9bn) and Local Government Councils (N337bn) at the Federal Account Allocation Committee (FAAC) meeting in July. The total sum, which is 18.3% higher than the previous month’s distributable revenue of N1.14trn comprised; distributable […]
H1 2024 at a glance: Nigeria’s 2024 GDP to Slow to 2.9%
July 19, 2024/FBNQuest Research In the latest economic outlook, “Global Economy in a Sticky Spot,” the International Monetary Fund (IMF) lowered Nigeria’s 2024 real GDP growth forecast by 0.2% to 3.1%, citing weaker-than-anticipated economic activity in Q1 2024. This downgrade also reduced the growth forecast for sub-Saharan Africa. Conversely, the […]
