March 17, 2022/Proshare by FBNQuest Research Data from the Nigerian Bureau of Statistics (NBS) show that the total value of Nigeria’s merchandise trade increased by 75% y/y to NGN11.7trn from a revised NGN6.7trn in Q4 ’20. The sharp increase is due to positive base effects as mobility restrictions led to […]
OPINION/EDITORIAL
Nigeria’s FX Illiquidity: Highlighting Recent DMBs and CBN Responses
March 17, 2022 by CardinalStone Research Nigeria reels from sustained FX illiquidity, with repatriation-related demand largely undermined by unorthodox policy measures. This multi-year FX impasse has resulted in notable responses from Deposit Money Banks (DMBs) and the Central Bank of Nigeria (CBN) in recent months. In particular, DMBs have moved […]
FY-2021 Foreign Trade Statistics: Trade deficit widens in 2021
March 17, 2022/United Capital Research Extracts from the recently published report on Nigeria’s FY-2021 foreign trade statistics by the National Bureau of Statistics (NBS) revealed a rebound in Nigeria’s trading activities in the aftermath of the Covid-19 pandemic underpinned by an ease in travel bans & general movement restrictions, amid […]
