July 25, 2023/FBNQuest Research Today, we turn our attention to the utilisation of foreign exchange (fx) by the various sectors of the economy. According to CBN data, the total sectoral utilisation of fx through official channels was flat (-0.7%) q/q at USD7.5bn. However, on a y/y basis, it increased by […]

July 25, 2023/Coronation Research With the NGX All-Share Index up 26.8% year-to-date, and key reforms on fuel subsidy and foreign exchange enacted, will the foreign portfolio investor stage a return? Our view is that, following many disappointments in the equity market and a significant rearrangement of US and Nigerian market […]

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 […]