(Credit: Joel Carillet/iStock by Getty Images) November 29, 2023/IMFBlog By Jihad Azour, Hasan Dudu, and Ling Zhu The Middle East and Central Asia face a sobering climate reality. Temperatures have risen twice as fast as the global average, and rainfall has become scarcer and less predictable. Fragile states are disproportionally affected and […]
OPINION/EDITORIAL
External Trade Position Resulted in a Higher Net Surplus Balance of N2.5bn in Q2 2023
November 29, 2023/FBNQuest Research The most recent quarterly economic report published by the Central Bank of Nigeria (CBN) shows that the total value of Nigeria’s merchandise trade decreased by -12% q/q to USD25.3bn in Q2 ’23. Although the value of merchandise exports dropped by -3% q/q to USD13.9bn, the reduction […]
The ICT Sector Struggles to Maintain Growth Momentum
November 29, 2023/CSL Research Based on data from the National Bureau of Statistics (NBS), the Information and Communications Technology (ICT) sector’s growth rate declined to a five year low of 6.69% y/y in Q3 2023 compared with 10.53% recorded in Q3 2022 and 8.60% recorded in Q2 2023. The sector […]
