April 5, 2024/Coronation Research Ready or not – Nigeria’s economic outlook presents mixed signals. Will it be a year of cautious optimism or one that tests our resilience? Let’s explore the twists and turns that lie ahead together. Our 2024 outlook predicts a smooth rise in the global economy, […]
OPINION/EDITORIAL
Purchasing Managers’ Index Remains Flat in March 2024
April 4, 2024/CSL Research The Nigerian Manufacturing Purchasing Managers Index (PMI) gauges the activity level of purchasing managers in the manufacturing sector. A reading above 50 signals expansion, while below 50 indicates contraction. The March 2024 PMI remained steady at 51.0, mirroring February’s level and indicating consistent business activity. However, […]
Monetary Aggregates Grow Despite CBN’s Policy Tightness
April 3, 2024/FBNQuest Research The Central Bank of Nigeria’s (CBN) latest data on monetary aggregates shows that domestic credit to the private sector almost doubled y/y to NGN80.7trn in Feb ‘24. This growth marks the fastest credit extension to the private sector in recent months. On a m/m basis, PSCE […]
