January 28, 2020/OilPrice.com         Chart of the Week   –    U.S. oil production is expected to average 13.3 million barrels per day (mb/d) in 2020, an increase of 9 percent from last year, according to the EIA. The agency sees output averaging 13.7 mb/d in 2021.  –   […]

January 28, 2020/InvestmentOne Report On Friday, the Monetary Policy Committee of the CBN held its first meeting in 2020 where it kept the benchmark interest rate at 13.5% and Liquidity rate at 30.0% but increased the Cash Reserve Ratio (CRR) to 27.5% from 22.5%. In our view, we believe this […]

January 27, 2020/Cordros Report In a period where growth concerns seem to be on the front burner, we had expected that the outcome of the latest MPC meeting, vis-à-vis policy direction, would have been expansionary. This is despite the renewed inflationary pressure. However, the MPC sprang a hawkish surprise on […]