July 2, 2024/NBS According to data from the National Bureau of Statistics (NBS), capital importation into Nigeria in Q1 2024 was US$3.38bn, 198.06% higher than US$1.13bn recorded in Q1 2023. Capital importation rose by 210.16% from US$1.09m in Q4 2023 compared to the preceding quarter. Portfolio Investment ranked top with […]
OPINION/EDITORIAL
Oil Markets Are on Edge as Hurricane Beryl Barrels Towards Jamaica
July 2, 2024/Oilprice.com Hurricane season is back, and oil markets are on edge as the earliest category 5 hurricane to form at this time of the year moves toward Jamaica. – As commodity markets started to talk politics following last week’s Biden-Trump debate, analysts seek to gauge the impact of […]
Trade Surplus Recorded in Q1 ‘24
July 2, 2024/Coronation Research The latest report from the National Bureau of Statistics (NBS) in its series on foreign trade in goods shows that the total value of trade grew by +146% y/y to N31.8trn in Q1 ’24. On a q/q basis, it rose by +46%. The total export value […]
