OPINION/EDITORIAL

No Big Change in FX Policy

Culled—Proshare August 11, 2020 Coronation Research Last week we received a lot of questions about the foreign exchange markets. Was the World Bank forcing the Nigeria’s hand in demanding unification of all exchange rates? Why was the parallel market rate not weaker? We do not know the inner workings of […]

Nigeria’s Failing Refineries

Culled—Proshare August 11, 2020 by CSL Research In the recently published Nigerian National Petroleum Company (NNPC) 2019 Annual Statistical Bullentin report, data on the performance of the Nigeria Oil & Gas industry was provided. We focused our attention on local petroleum refining capacity in 2019. In 2019, combined capacity utilization […]