July 8, 2024/CSL Research Based on recent data from the National Bureau of Statistics on rail transportation, the total revenue generated from the rail transport subsector grew by 114.7%% y/y in Q1 2024 to N2.11bn from N983.87m in Q1 2023 and 12.1% q/q, from N1.89bn in Q4 2023. Both quarterly […]

July 5, 2024/FBNQuest Research In a May 2024 report, the International Monetary Fund (IMF) suggested removing electricity subsidies, stating that adjusting tariffs could cut subsidy costs by approximately 0.1% of GDP while continuing to help people experiencing poverty, especially in rural areas. Subsequently, following approval from the Nigerian Electricity Regulatory […]

Image Credit: Oilprice.com July 5, 2024/Oilprice.com Michael Kern Editor, Oilprice.com Sentiment in oil markets is undeniably bullish, with WTI and Brent on course to post yet another weekly gain. Friday, July 5th, 2024 Whilst market activity was relatively slim with US markets closed for Independence Day holidays, the triple combination […]