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 […]

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 […]

July 23, 2024/Oilprice.com By Michael Kern Oil prices have declined this week despite rising geopolitical risks, with markets focusing primarily on Joe Biden’s decision to withdraw from the presidential race.         – The Asian oil market witnessed a much-needed recovery in trading after the region’s main benchmark […]