December 8, 2021/CSL Research The Nigerian Bureau of Statistics (NBS) in its recently released trade statistics revealed that the trade deficit in the third quarter (Q3 2021) of the year rose to N3.02tn from N1.87tn recorded as of Q2 2021. Total trade of N13.28trn grew 10.4% q/q from N12.08tn in […]
OPINION/EDITORIAL
Q3-2021 Terms of Trade Report; Deficit Worsens
December 8, 2021/United Capital Research Earlier in the week, the National Bureau of Statistics (NBS) released the Terms of trade report for Q3-2021. The report showed that total trade in merchandise increased by 58.6% y/y in Q3-2021 and 10.4% q/q (from Q2-2021). The increase in total trade in merchandise comes […]
Oil Prices Bounce Back As Omicron Fears Fade
December 7, 2021/OilPrice.com Chart of the Week – The purported aim of the US government’s decision to release 50 million barrels of crude in January-April 2022 – to bring gasoline prices – seems to be slowly materializing. – The OPEC+ decision to maintain their agreed-upon 400,000 b/d production additions helped […]
