OPINION/EDITORIAL

Nigeria’s Public Debt Hits a Record High of N121.67Trn

June 24, 2024/CSL Research According to recent data released by the Debt Management Office (DMO), Nigeria’s total public debt has surpassed the N100 trillion mark for the first time, reaching N121.67 trillion (US$91.46 billion) at the end of Q1 2024. This figure includes both domestic and external debt stocks of […]

Gross Official Reserves Rises in June, Reversing Monthly Declines at the Beginning of 2024

June 21, 2024/FBNQuest Research Nigeria’s gross official reserves increased by US$858m M-o-M to US$33.6bn as of June 19, 2024, according to the latest data from the CBN. On a year-to-date (YTD) basis, the reserves also increased by US$666m. The rise in June marks a reversal from the downward trend observed […]

Supply Concerns and Demand Optimism Boost Oil Prices

June 21, 2024/Oilprice.com Michael Kern Editor, Oilprice.com Oil prices surged this week as hurricane season began, demand improved, and both U.S. crude and gasoline inventories fell. Rising geopolitical risk around the world only added to bullish sentiment. Friday, June 21, 2024 The onset of hurricane season in the US, improving […]