OPINION/EDITORIAL

Nigeria’s Current Account Improved to a Surplus of USD3.3bn in Q3 2023

February 19, 2024/FBNQuest Research According to the most recent Quarterly Statistical Bulletin (QSB) from the Central Bank of Nigeria (CBN), Nigeria’s current account improved to a surplus of USD3.3bn in Q3 ’23, higher than a revised surplus of USD808.9m in Q2 ’23. In standardised terms, the figure represents a surplus […]

Capital Importation into Nigeria up in Q4 2023 Relative to Q3 2023

February 19, 2024/CSL Research According to data from the Nigerian Bureau of Statistics (NBS), Nigeria experienced a marginal increase in total capital importation in Q4 2023, reaching US$1.09 billion. This marks a 2.62% rise from the US$1.06 billion recorded in Q4 2022. Quarter-on-quarter, there was a substantial increase of 66.27%, […]

IMF Adjusts Nigeria’s Growth Expectations

February 19, 2024/Coronation Research In its latest World Economic Outlook (WEO), the IMF revised its global growth forecast for 2024 upward at 3.1% y/y, from 2.9% y/y predicted in its October ’23 WEO. However, the IMF maintained its global growth projection for 2025 to 3.1% y/y. The global growth projection remains […]