February 8, 2023/United Capital Research According to the Central Bank of Nigeria (CBN), Nigeria’s external reserves declined by 7.6% y/y to $37.0bn in Jan-2023 compared to its $40.0bn print in Jan-2022. On a monthly basis, Nigeria’s external reserves fell by $86.6mn from $37.1bn at the close of Dec-2022. The decline […]

February 8, 2023/CSL Research Nigeria has witnessed an uptick in the number of trained skilled workers migrating to other countries, particularly to the United States, the United Kingdom and Canada. Many of these emigrants are graduates trained in Nigerian universities, which are highly subsidized by the government and take with […]

February 7, 2023/CSL Research The International Monetary Fund (IMF) in its latest World Economic Outlook update for January, has reviewed upwards the growth projections for Nigeria in 2023 from 3.0% which was projected in October 2022 to 3.2% while retaining the growth forecast for 2024 at 2.9%. The report noted […]