October 12, 2023/IMF The Global Sovereign Debt Roundtable (GSDR) met today and reviewed progress in reaching common understanding on ways to address key impediments to efficient debt restructuring, and discussed the priority areas for the work going forward. At the end of the meeting, the International Monetary Fund Managing Director […]
OPINION/EDITORIAL
Purchasing Managers’ Index Up Modestly in September Amidst Cost Pressures
October 12, 2023/CSL Research The Purchasing Managers’ Index (PMI) is an economic indicator that gives insights into the economic health of Nigeria’s manufacturing and services sectors. As of September 2023, the overall PMI for Nigeria was reported at 51.1 points, above the 50.0 points threshold and 90 basis points (bps) […]
Nigeria’s Net Trade Position Resulted in a Higher Net Trade Surplus of USD0.8bn in May 2023 Compared With USD0.6bn in April
October 12, 2023/FBNQuest Research The CBN’s recently published monthly economic report shows that the provisional value of Nigeria’s total merchandise trade decreased by around -4.5% m/m to USD8.7bn in May ’23. The lower trade value reflects decreases in both export and import trade. While total exports declined by -2.9% m/m […]
