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) […]
OPINION/EDITORIAL
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 […]
Foreign Investments in the Telecoms Sector Decline in Q2 2023
October 10, 2023/CSL Research The Nigeria Bureau of Statistics capital importation data showed the telecoms sector attracted investments worth US$25.81m in Q2 2023 compared to US$153.50m in Q2 2022, representing a significant decline of 83.19% y/y. Quarter on quarter, foreign capital inflow into the telecoms sector increased by 17% in […]
