September 23, 2024/CSL Research As the Central Bank of Nigeria (CBN) holds its fifth Monetary Policy Committee (MPC) meeting of the year today and tomorrow, we expect the committee to keep the Monetary Policy Rate (MPR) unchanged at 26.75%. Although inflationary pressures persist, the recent decline in inflation over the […]
OPINION/EDITORIAL
Lower Oil Prices Pose a Risk to FAAC Allocations
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 […]
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 […]
