July 22, 2024/CSL Research A total sum of N1.35trn was shared by the Federal Government (N459.7bn), States (N461.9bn) and Local Government Councils (N337bn) at the Federal Account Allocation Committee (FAAC) meeting in July. The total sum, which is 18.3% higher than the previous month’s distributable revenue of N1.14trn comprised; distributable […]
OPINION/EDITORIAL
H1 2024 at a glance: Nigeria’s 2024 GDP to Slow to 2.9%
July 19, 2024/FBNQuest Research In the latest economic outlook, “Global Economy in a Sticky Spot,” the International Monetary Fund (IMF) lowered Nigeria’s 2024 real GDP growth forecast by 0.2% to 3.1%, citing weaker-than-anticipated economic activity in Q1 2024. This downgrade also reduced the growth forecast for sub-Saharan Africa. Conversely, the […]
Oil Prices Under Pressure as Demand Concerns Mount
July 19, 2024/Oilprice.com Tom Kool Editor, Oilprice.com While there is plenty to be bullish about in oil markets today, rising concerns over Chinese demand are weighing on oil prices. Friday, July 19th, 2024 The consistent stream of positive news for oil from the United States, crowned by a largely unexpected […]
