(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 […]
OPINION/EDITORIAL
CBN Revokes Heritage Bank’s Licence
June 5, 2024/United Capital Research The Nigerian banking sector is currently going through a transformation that will enable it to support a $1 trillion economy and as the CBN has shown, not everybody can come. On Monday 3 June 2024, the Central Bank of Nigeria revoked the Heritage bank Plc’s […]
Purchasing Managers’ Index (PMI) Goes Up Moderately in May 2024
June 5, 2024/CSL Research In May 2024, the Stanbic IBTC Bank Nigeria Purchasing Managers’ Index (PMI) saw a moderate increase, rising to 52.1 points from 51.1 points in April. This indicates a modest expansion in business conditions within the private sector. The May reading is the second highest of the […]
