September 1, 2021/CSL Research Based on reports from the Nigerian Electricity Regulatory Commission (NERC), about six million registered customers remain unmetered and are still paying for electricity through estimated bills. According to NERC, the number of meters contracted through the Meter Asset Providers scheme (MAPs) and National Mass Metering Programme […]
OPINION/EDITORIAL
Hurricane Ida Hurts Oil Demand Ahead Of OPEC+ Meeting
August 31, 2021/OilPrice.com Chart of the Week – A growing wave of kidnappings and attacks on oil workers in Nigeria is sapping the long-term production prospects of Africa’s largest producers, S&P Platts reports. – The Assa North gas project developed by Royal Dutch Shell (NYSE:RDS.A) in the oil-rich Imo State […]
A Significant Reduction in FX Utilisation
August 31, 2021/Proshare by FBNQuest Research We see from CBN data that total sectoral utilisation of FX declined by -65% y/y and -25% q/q to c.USD5.0bn. In addition to the reduction in aggregate fx utilisation, the pandemic’s influence can be seen in changes in the composition of sectoral forex usage. […]
