OPINION/EDITORIAL

New Methodology Shows a Rise in Unemployment Rate in Q3 2023

February 22, 2024/CSL Research Despite recent adjustments to the method of computing unemployment rate by the National Bureau of Statistics (NBS), rising numbers show unemployment remains a major problem in Nigeria. With the new method, the NBS defines employed persons as those in paid employment, who have worked for at […]

IMF Retains 2024 Global Growth Forecast

February 21, 2024/FBNQuest Research The IMF, in its most recent edition of the World Economic Outlook (WEO), retained its baseline growth forecast for the global economy at 3.1% in 2024, but improved its 2025 growth expectations to 3.2%. The fund noted the continuing threats to the recovery of the global […]

Government Negotiating Price Reduction With Cement Manufacturers

February 21, 2024/CSL Research Following a meeting with leading cement manufacturers – Dangote, BUA and Lafarge on Monday in Abuja, the Minister of Works, Dave Umahi, revealed that a consensus had been reached to reduce the retail price of a 50kg bag of cement to a range between N7,000 and […]