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 […]
OPINION/EDITORIAL
Nigeria’s Agricultural Sector Contracts -0.90% in Q1 2023
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 […]
Nigeria’s Total External Debt Stock Increased by US$977m in Q1 2023
August 1, 2023/Afrinvest According to data from the Debt Management Office (DMO), Nigeria’s total external debt stock increased by USD977m relative to the prior quarter to USD42.7bn in Q1 ’23. The rise was mostly driven by an increase of USD397m in debt obligations to the World Bank, a USD383m rise […]
