December 8, 2023/CSL Research Based on figures obtained from the Central Bank of Nigeria (CBN) on movement of external reserves, the country’s external reserves have declined by US$1.65bn since the FX unification in June. The figures show that external reserves fell from US$34.12bn as of 30 June 2023 to US$32.88bn […]
OPINION/EDITORIAL
Nigeria’s Merchandise Trade Increases Modestly by 1% MoM to USD7.8bn in August 2023
December 8, 2023/FBNQuest Research In its latest monthly economic publication, the CBN disclosed that the total value of Nigeria’s merchandise trade experienced a modest increase of 1% m/m to USD7.8bn in Aug ’23. However, the merchandise trade value was almost -20% lower y/y due to a significant decrease in import […]
Financial Crimes Hurt Economies and Must be Better Understood and Curbed
(Credit: Nikada/iStock by Getty Images) By Carolina Claver, Chady El Khoury, and Rhoda Weeks-Brown The fight against financial crime isn’t lost, but the world needs to do more to limit the economic impact of crime. Money laundering is a necessary component of the organized crime that too frequently spans borders, skirts taxes, […]
