(Credit: IMF Photo) July 15, 2024/IMFBlog By Nathaniel Arnold, Guillaume Claveres, and Jan Frie The European Union has a productivity problem. Its people produce nearly 30 percent less per hour worked than they would have, had real output per hour worked increased in line with that in the United States since 2000. […]
OPINION/EDITORIAL
Still on Crude Supply to Dangote Refinery
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 […]
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 […]
