June 26, 2024/CSL Research According to a business day news report, the highly anticipated launch of Dangote Oil Refinery’s petrol supply operations in July may face delays due to a shortage of crude oil. The 650,000 barrels per day (bpd) capacity refinery, located in Lekki, Lagos, was expected to commence […]
OPINION/EDITORIAL
Mapping the World’s Readiness for Artificial Intelligence Shows Prospects Diverge
(Credit: imaginima/iStock by Getty Images) June 25, 2024/IMFBlog By Giovanni Melina Artificial intelligence can increase productivity, boost economic growth, and lift incomes. However, it could also wipe out millions of jobs and widen inequality. Our research has already shown how AI is poised to reshape the global economy. It could endanger 33 […]
CBN Update: New Measures to Enhance Local Currency liquidity for Settlement of Diaspora Remittances
June 25, 2024/United Capital Research The Central Bank of Nigeria (CBN) has authorized eligible International Money Transfer Operators (IMTOs) to sell foreign exchange (FX) on the official market to enhance remittance flows and foreign exchange market efficiency. This decision aims to address the FX liquidity issues in the official market, […]
