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 […]

March 1, 2023/CSL Research Based on new industry data from the Nigerian Communications Commission (NCC), the adoption of mobile technology continues to grow in Nigeria with the total number of mobile subscriptions hitting 225.88 million in January 2023. This is 3.66 million more mobile subscriptions than the 222.23 million subscriptions […]