June 28, 2024/Oiprice.com Michael Kern Editor, Oilprice.com Oil prices have surged over the last three weeks as geopolitical tensions climbed, although concerning economic data in the U.S. could drag prices back down. Friday, June 28, 2024 All eyes are fixed on US inflation data as crude oil prices have maintained […]
OPINION/EDITORIAL
Nigeria Posts Lower Month-on-Month Net Trade Surplus Caused by Higher Imports
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 […]
Metering: Progress Still Slow
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. […]
