May 30, 2024/US SEC Re: Digital Securities Sandbox joint Bank of England and Financial Conduct Authority consultation paper[1] To Whom It May Concern: This joint proposal from the Bank of England and the Financial Conduct Authority (together, “the UK regulators”) for a digital securities sandbox (“DSS”) reflects a commendable commitment […]
OPINION/EDITORIAL
FGN’s Fiscal Deficits Rose to N12.9Trn in 2023
May 30, 2024/FBNQuest Research Data from the Central Bank of Nigeria’s (CBN) most recent Quarterly Statistical Bulletin (QSB) shows that the Federal Government of Nigeria (FGN) recorded a fiscal deficit of N3.3trn in Q4 2023. This brings the total fiscal deficit in 2023 to N12.9trn, equivalent to 5.6% of GDP […]
Letters of Credit Drop in Q1 2024
May 30, 2024/CSL Research In its updated International Payments Data, the Central Bank of Nigeria (CBN) announced that the value of Letter of Credit (LCs) declined by 62.77% y/y and 15.61% q/q in Q1 2024 to US$204.47m in comparison to US$549.22m and US$242.29m in Q1 2023 and Q4 2023 respectively. […]
