August 4, 2023/FBNQuest Our chart below, produced using data provided by the Nigerian Communications Commission (NCC), shows a slight decline in Nigeria’s broadband internet connections in Mar ’23. The latest m/m decline breaks an upward trend that began in Mar ’22. According to NCC, mobile broadband accounts for a dominant […]

August 3, 2023/CSL Research In a recent report, the nation’s composite Purchasing Manager’s Index (PMI) expanded moderately over the threshold of 50.o to 51.70 for July 2023, 150 basis points (bps) below the performance of 53.2 for June 2023. This reflects a slowdown in business activities. The decline in the […]

August 2, 2023/CSL Research Based on Q1 2023 GDP data, Nigeria’s agricultural sector contracted by 0.90% in Q1 2023 in real terms compared to the 3.16% growth recorded in the corresponding period in 2022. On a quarter-on-quarter basis, the sector’s 0.9% contraction in Q1 2023 compares with a growth rate […]