September 20, 2024/CSL Research At the August FAAC meeting, a total of ₦1.2 trillion was distributed among the Federal Government (₦374.9bn), States (₦422.9bn), and Local Government Councils (₦306.5bn). Additionally, oil-producing states received ₦99.5bn as derivation fund (13% of mineral revenue). This total represents an 11.4% decrease from the previous month’s […]
OPINION/EDITORIAL
Has Sentiment Finally Shifted in Oil Markets?
September 20, 2024/Oilprice.com Michael Kern Editor, Oilprice.com Oil prices are on track to post a second weekly gain as bullish sentiment builds and the prospect of a prolonged price rally becomes increasingly likely. Friday, September 20th, 2024 Oil prices are set to record their second straight week-on-week gain with WTI […]
CBN Expectation Survey Depicts Optimistic Business Outlook
September 19, 2024/CSL Research The Central Bank of Nigeria (CBN) recently released the Business Expectation Survey (BES) for August 2024, covering three key sectors: Industry, Services, and Agriculture. The survey was conducted with a sample size of 1,600 business enterprises nationwide, and a response rate of 96.1% was achieved. The […]
