June 17, 2025/CSL Research According to the Nigerian Upstream Petroleum Regulatory Commission’s (NUPRC) recently released Oil Production Status Report for May 2025, Nigeria’s crude oil production—including condensates—averaged 1.66 million barrels per day (mbpd), representing a 1.54% month-on-month decline from the 1.68 mbpd recorded in April. Excluding condensates, production fell by […]

June 17, 2025/Cordros Report According to the National Bureau of Statistics (NBS), Nigeria’s headline inflation moderated by 74bps to 22.97% y/y in May (April: 24.23% y/y). Breaking it down, food inflation eased by 12bps to 21.14% y/y (April: 21.26% y/y), while core inflation fell sharply by 110bps to 22.28% y/y […]

June 17, 2025/InvestmentOne Report In response to evolving macro-financial risks and the need for a more resilient banking system, the Central Bank of Nigeria (CBN) launched a comprehensive recapitalization framework on March 28, 2024. This initiative seeks to reposition Nigerian banks to withstand economic shocks, enhance financial intermediation, and support […]