July 21, 2023/CSL Research According to the Nigerian Bureau of Statistics (NBS), foreign investments to the manufacturing sector dropped by 35% to US$256m in the first quarter of 2023 from US$392.5m in the fourth quarter of 2022. According to the report, the total capital imported into Nigeria in Q1 2023 […]

July 20, 2023/FBNQuest Fast-paced start with bold economic reforms President Bola Tinubu has assumed office with a commitment to driving economic growth. His administration implemented transformative changes immediately. Fuel subsidies were eliminated to confront fiscal challenges.  Simultaneously, sweeping reforms revamped the foreign exchange (fx) market, uniting fragmented market segments, eliminating […]

July 20, 2023/CSL Research Based on media reports, the three tiers of government will be sharing a total of N1.959trn in July 2023. This is c.149% higher than the N786.161 billion shared in June and c.199% higher  han N655.93 billion in May. Allocations are usually shared from the preceding month’s […]