February 22, 2023/Cordros Update The National Bureau of Statistics (NBS) recently released Nigeria’s GDP numbers for Q4-22, with domestic economic activities growing by 3.52% y/y (Q3-22: +2.25% y/y | Q4-21: +3.98% y/y). For 2022FY, real GDP grew by 3.10% (2021FY: +3.40%). The growth outturn outperformed Cordros’ estimate (+2.72% y/y), owing […]

February 22, 2023/Fitch Ratings The capital positions of Nigeria’s five largest banking groups will not be materially affected by the impact of Ghana’s sovereign debt restructuring on the groups’ Ghanaian subsidiaries, Fitch Ratings says. Although the debt restructuring will significantly weaken the subsidiaries’ capitalisation, this will not translate into a […]

(Credit: heckepics/iStock by Getty Images) February 22, 2023/IMFBlog By Kristalina Georgieva At a time of heightened uncertainties for the global economy, India’s strong performance remains a bright spot. So, it’s fitting that Group of Twenty finance ministers and central bank governors will gather in Bengaluru this week. This will be […]