July 25, 2024/CSL Research The National Bureau of Statistics (NBS) June 2024 report showed a significant increase in the average retail price of diesel across Nigeria in June 2024. The average price reached N1,462.98/litre, marking a 79.32% y/y increase and a 4.20% m/m increase compared to May 2024. This upward […]
OPINION/EDITORIAL
Fuel Subsidy: MEMAN Says Landing Cost of Petrol is N1,117/Litre
July 24, 2024/CSL Research According to news reports, last week, the Major Energy Marketers Association of Nigeria (MEMAN) reported that the landing cost of petrol was N1,117/litre. MEMAN also disclosed that the landing costs of diesel and aviation fuel were N1,157/litre and N1,127/litre, respectively. While the pump prices of diesel […]
Post MPC July 2024: MPC Pivots to a Less Hawkish Stance: Raises the MPR by 50bps
July 23, 2024/Cordros Report The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) voted to increase the Monetary Policy Rate (MPR) further by 50bps to 26.75% (Previous: 26.25%) at its July policy meeting. The Committee’s decision to raise the policy rate was hinged on their goal to […]
