OPINION/EDITORIAL

Q2-24 GDP: Growth Remains Strong; Moderation Expected in Q3-24

August 28, 2024/Cordros Report The recently released Q2-24 GDP report by the National Bureau of Statistics (NBS) showed that Nigeria’s economic activities remained robust as the real GDP grew by 3.19% y/y in Q2-24 (Q1-24: +2.98% y/y). Notably, the improvement was primarily driven by the expansion in the oil sector […]

Libya Supply Outage Sparks Uncertainty in Oil Markets

August 27, 2024/Oilprice.com By Michael Kern il prices started the week with a major spike on the back of Khalifa Haftar’s Benghazi-based government declaring a nationwide halt of all oil production and exports. – One of the two rival powers in Libya, the Benghazi government run by Field Marshal Khalifa Haftar said […]

NERC Grants Six States Authority to Regulate Electricity Markets

August 28, 2024/CSL Research Based on news reports, the Nigerian Electricity Regulatory Commission (NERC) announced on Tuesday that it has granted six states the authority to regulate their own electricity markets. In a statement on X (formerly Twitter), NERC confirmed that Enugu, Ekiti, Ondo, Imo, Oyo, and Edo States have […]