(Credit: Pilesasmiles/iStock by Getty Images) March 7, 2024/IMFBlog By Parisa Kamali, Robin Koepke, Alessandra Sozzi, and Jasper Verschuur In the past few months, global trade has been held back by disruptions at two critical shipping routes. Attacks on vessels in the Red Sea area reduced traffic through the Suez Canal, the shortest […]

March 7, 2024/CSL Research The National Bureau of Statistics (NBS) of Nigeria through its selected food price watch for January 2024 reported steep increases in the average prices of essential food items that are widely consumed by Nigerians. According to the World Food Programme (WFP), 4.4m people are food insecure […]

March 6, 2024/FBNQuest Research In our concluding discussion on the Central Bank of Nigeria’s balance of payments (BOP) data, we examine the trend on the financial accounts. According to the recently released BOP data, the financial account recorded a higher net surplus of USD3.7bn in Q3 ’23 compared to a […]