September 16, 2024/Cordros Update Nigeria’s headline inflation eased for the second consecutive month by 125bps to 32.15% y/y (July: 33.40% y/y). The outturn is 9ps lower than Cordros’ estimate (32.24% y/y). On a month-on-month basis, headline inflation slowed by 6bps to 2.22% (July: 2.28% m/m). Food inflation moderated by 201bps […]
OPINION/EDITORIAL
Oil Prices Lifted by Ongoing Supply Disruptions
September 13, 2024/Oilprice.com Michael Kern, Editor, Oilprice.com Crude prices recovered on Friday, breaking the four-week losing streak in oil, with WTI rising to $70 per barrel. Friday, September 13th, 2024 Hurricane Francine helped oil prices edge higher after bearish sentiment overtook the market, taking off some 700,000 b/d of oil […]
VAT Inflow Rises 9.11% Q/Q to ₦1.56 Trillion
September 13, 2024/CSL Research According to the National Bureau of Statistics (NBS), aggregate Value Added Tax (VAT) for Q2 2024 was reported at ₦1.56 trillion, a growth of 9.11% on a quarter-on-quarter basis from ₦1.43 trillion in Q1 2024. Of this, local VAT payments recorded in the period under review […]
