June 28, 2024/FBNQuest Research The most recent monthly economic report published by the Central Bank of Nigeria (CBN) shows that the total value of Nigeria’s merchandise trade increased by 4% M-o-M to US$8.1bn in Jan 2024. Although exports rose by 3% M-o-M to about N5.0bn, the higher value M-o-M was […]

June 28, 2024/CSL Research Data from the Nigerian Electricity Regulatory Commission (NERC) revealed a 17.9% y/y increase in revenue collected by the Electricity distribution companies (DisCos) to N291.6bn in Q1 2024 from N247.3bn in Q1 2023. This was however a slight decline of 1.1% q/q from N294.9bn in Q4 2023. […]

June 27, 2024/FBNQuest Research We continue discussing the Federal Government of Nigeria’s (FGN) public debt profile, focusing on debt service. According to data from the Debt Management Office (DMO), the FGN’s domestic debt service increased by 13% Y-o-Y to N989bn in Q1 2024. The figure marks the highest domestic debt […]