June 7, 2024/CSL Research Following intense strike action by the Nigeria Labour Congress (NLC) demanding an upward review of the minimum wage for all public workers in the country, President Bola Ahmed Tinubu has tasked the Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, with designing […]
OPINION/EDITORIAL
EU Relaxes Monetary Policy as Growth Concerns Rise
June 6, 2024/European Central Bank The Governing Council decided to lower the three key ECB interest rates by 25 basis points. Based on an updated assessment of the inflation outlook, the dynamics of underlying inflation, and the strength of monetary policy transmission, it is now appropriate to moderate the degree […]
Sectoral FX Utilisation Increased to US$4.1bn in Q4 2023
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 […]
