April 5, 2023/FBNQuest The most recent monthly economic report published by the CBN shows that the gross federally collected revenue decreased by -16% m/m to NGN991bn in Nov ’22. It also fell short of the pro-rata monthly budget benchmark of c.NGN1.6trn. However, on a y/y basis, November gross revenue was […]

April 5, 2023/United Capital Research Yesterday, the National Bureau of Statistics (NBS) released the capital importation data for FY-2022. According to the data, capital importation declined by 8.5% q/q to print at $1.1bn in Q4-2022, from $1.2bn in Q3-2022 and 51.5% y/y compared to its $2.2bn print in Q4-2021. The […]

April 5, 2023/Coronation Economic Note Over the past quarter, activities across economic sectors deeply integrated with the informal economy have been adversely impacted due to the cash crunch triggered by the Naira redesign policy. Agriculture, which has one of the largest levels of informal employment experienced hiccups with regard to […]