July 25, 2023/CSL Research Based on new industry data from the Nigerian Communications Commission (NCC), Nigeria’s mobile subscriptions declined marginally by 1% to 220.9 million in May 2023 from 223.3 million in April. This decline comes after mobile subscriptions reached an all-time high of 227.17 million in February 2023. Since […]

(Credit: cmophoto/Unsplash) Higher interest rates soon would prevent more economic pain later July 24, 2023/IMFBlog By Alfred Kammer and Luis Brandão-Marques The European Central Bank could prevent inflation expectations from becoming unmoored and drifting upwards by continuing to raise its policy rate, as discussed in our recent report on the euro area. […]

July 24, 2023/CSL Research Based on figures obtained from the Central Bank of Nigeria’s (CBN) data on movement of external reserves, the country’s external reserves fell by US$2.96bn in H1 2023. The figures show that external reserves fell to US$34.12bn as of 30 June 2023 from US$37.1bn as of 30 […]