April 6, 2023/CSL Research Based on data from the Nigerian Bureau of Statistics (NBS), total capital imported into the country declined by 20.47% to US$5.33bn in 2022 from US$6.70bn in 2021. In Q4 2022, capital imported declined by 51.51% to US$1.06bn from US$2.19bn in Q4 2021. In comparison to Q3 […]
OPINION/EDITORIAL
Amid War, Ukraine Is Maintaining Macroeconomic Stability and Embarking on Reforms
Photo Credit: IMF Photo/Brendan Hoffman April 5, 2023/IMF Russia’s invasion continues to have a devastating economic and social impact on Ukraine. Gross domestic product contracted by around 30 percent in 2022, civilian casualties are mounting and more than a third of the population has been displaced, while a large swathe […]
OPEC+ Output Cuts to Support Short-Term Prices, May Push Market into Deficit
April 5, 2023/Fitch Ratings OPEC+ members’ decision to cut production by almost 1.2 million barrels per day (MMbpd) from May until end-2023 should support prices in the short term, Fitch Ratings says, increasing chances that the market could switch into deficit in 2H23, particularly due to recovering consumption in China. […]
