June 6, 2024/FBNQuest Research The total value of Foreign Exchange (FX) utilised in the Nigerian economy increased by +21% Q-o-Q to US$4.1bn in Q4 2023, according to the CBN’s latest Quarterly Statistical Bulletin (QSB). However, this figure is approximately -46% Y-o-Y and is the second lowest recorded over the past […]
OPINION/EDITORIAL
OPEC+ Holds Nigeria’s Oil Production Quota at 1.5mbpd
June 6, 2024/CSL Research Following the meeting held on June 2, 2024, the Organization of the Petroleum Exporting Countries and its allies (OPEC+) set Nigeria’s crude oil production quota at 1.5 million barrels per day (mbpd) until December 2025. This decision follows the resolutions from the last ministerial meeting on […]
Scars of Conflict Are Deeper and Longer Lasting in Middle East and Central Asia
(Credit: IOM 2016/Raber Aziz) June 5, 2024/IMFBlog By Colombe Ladreit, Borislava Mircheva, and Troy Matheson Economies across the Middle East and Central Asia are more affected by conflicts—even a decade after a severe conflict, their income per capita remains about 10 percent lower. The idea that violent conflict reduces economic output […]
