OPINION/EDITORIAL

Biden’s Bid To Lower Oil Prices Fails

November 23, 2021/OilPrice.com Chart of the Week – Russian gas exports into Europe remain roughly on par with last year’s readings when the second wave of covid was battering the continent’s demand, currently hovering around a 3000 GWh/day rate. – Following the suspension of the Nord Stream 2 approval process, […]

Green Shoots in the Non-Oil Economy

November 23, 2021/Coronation Research The latest national accounts released by the National Bureau of Statistics (NBS) show that GDP grew by 4.0% y/y in Q3 ’21 compared with 5.0% y/y recorded in Q2 ’21. This growth can be partly attributed to positive base effects, steady progress in stemming the spread […]

November 2021 MPC Review -MPC Leaves All Policy Rates Unchanged

November 23, 2021/United Capital Research At the end of the two-day policy meeting, the committee members voted to hold all parameters stable. The above decision was made in light of the Nigerian economy’s continued GDP growth in Q3-2021, moderating inflationary pressures, surge in oil prices, improvement in vaccination levels.  Specifically, […]