May 26, 2021/Proshare by FBNQuest Research The Monetary Policy Committee (MPC) closed its latest meeting yesterday, leaving its policy rate of 11.50% and other parameters unchanged. This was widely expected including by ourselves (Good Morning Nigeria, 05 May ’21). The verdict was unanimous whereas in March three of the nine […]
OPINION/EDITORIAL
Nigeria Post MPC May 2021: MPC Maintains Status Quo with a Neutral Tone
May 25, 2021/Cordros Report Confronted with the twin problems of tepid economic recovery and stubbornly high Inflation, the Monetary Policy Committee (MPC) voted to maintain the MPR at 11.5% alongside other key monetary policy levers. However, unlike the March meeting, where there was divergence in the voting pattern, a unanimous […]
Oil Prices Rebound As Demand Optimism Returns
May 25, 2021/OilPrice.com Chart of the Week – Natural gas-fired power generation averaged 3,394 GWh per day in the first four months of 2021, down nearly 7% from the same period in 2020. – The decline is mostly the result of higher natural gas prices and increased competition […]
