November 24, 2021/CSL Research Recently, the Nigerian Petroleum Industry Act (PIA) was enacted. The act provides for the complete deregulation of the downstream sector – a provision which should ordinarily imply an end to the subsidy regime in Nigeria. Contrary to the provisions of the act however, the Federal Government […]
OPINION/EDITORIAL
Post MPC – MPC Holds Rates but Hints at Imminent Hiking
November 24, 2021/United Capital Research In line with our expectations, the Monetary Policy Committee (MPC) met yesterday and voted unanimously to keep all policy variables unchanged. Notably, the committee hinted at a rate hike in the near future, noting the US and other advanced economies’ impending hawkish tilt and the […]
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, […]
