July 15, 2024/CSL Research A recent Punch news report indicates that the Federal Government (FG) and crude oil producers in Nigeria are committed to ensuring a sustainable supply of crude oil to local refineries using a market-determined pricing system. Both parties emphasized that this commitment aims to allow operators (crude […]
OPINION/EDITORIAL
Rapid Response: Headline Inflation Increases Further by 24bps to 34.19% Y/Y in June
July 15, 2024/Cordros Report Nigeria’s headline inflation rose by 24bps in June to 34.19% y/y (May: 33.95% y/y). The outturn is 19bps higher than Cordros’ and Bloomberg’s median consensus estimates of 34.0% y/y. On a month-on-month basis, headline inflation rose by 17bps to 2.31% (May: 2.14% m/m). Food inflation increased […]
Nigeria’s Food Importation Policy Could Destroy Country’s Agriculture, Warns Akinwumi Adesina
Nigeria should be producing more food to stabilize food prices, while creating jobs and reducing foreign exchange spending July 15, 2024/AfDB The President of the African Development Bank Group Dr. Akinwumi Adesina has said the decision by Nigeria’s government to allow massive food importation risks destroying the country’s agriculture. This […]
