November 14, 2024/Cordros Report EQUITIES The Nigerian equities market reversed yesterday’s gains as sell pressures on BUACEMENT (-5.9%) undermined market performance. Thus, the NGX-ASI declined by 0.2% to 97,233.07 points. Consequently, the Month-to-Date and Year-to-Date returns settled at -0.4% and +30.0%, respectively. The total volume traded increased by 20.0% to […]
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Central Bank Independence and the Conduct of Monetary Policy
November 14, 2024/US Federal Reserve Governor Adriana D. Kugler At the Albert Hirschman Lecture, 2024 Annual Meeting of the Latin American and Caribbean Economic Association and the Latin American and Caribbean Chapter of the Econometric Society, Montevideo, Uruguay Thank you for your generous introduction, Marcela, and thank you for the […]
Composite PMI Contracts -49.6% in October 2024
November 14, 2024/CSL Research The Central Bank of Nigeria (CBN) recently released the Purchasing Managers’ Index (PMI) survey for October 2024, covering three key sectors: Industry, Services, and Agriculture. The October 2024 composite PMI score was 49.6 points, indicating a contraction in economic activities. Typically, an index above 50.0 points […]
