March 2, 2023/CSL Research According to the National Bureau of Statistics (NBS), Nigeria’s agricultural growth slowed to 1.88% in 2022 owing to the devastating flood incidents recorded in key crop-producing states and the supply chain obstruction caused by the Russian-Ukraine war. The sector grew by 1.88% in 2022 in real […]

March 2, 2023/IMFBlog (Credit: Pete Reynolds) By Gita Bhatt “The job of the central bank is to worry.” That’s how Alice Rivlin, vice chair of the Federal Reserve Board in the 1990s, described the work of monetary policymakers. Back then, central bankers had one main concern: to keep inflation in […]

March 1, 2023/FBNQuest According to the most recent Quarterly Statistical Bulletin (QSB) from the CBN, total foreign exchange (FX) inflow into the Nigerian economy fell by -13% q/q and -44% y/y to USD16.9bn in Q3 ‘22. Except for a small increase in Q2 ‘22, the quarterly trend for FX inflow […]