June 19, 2025/CSL Research The Central Bank of Nigeria (CBN) has reaffirmed the strength and resilience of the Nigerian banking sector, following recent regulatory directives. On 13 June 2025, the CBN released a circular directing banks currently under regulatory forbearance—specifically in relation to credit exposures and Single Obligor Limits (SOL)—to […]
OPINION/EDITORIAL
Nigeria’s Crude Oil Production Averaged 1.66 mbpd in May 2025
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 […]
Nigeria May 2025 CPI: Headline Inflation Could Moderate Further in June
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 […]
