June 4, 2024/Oilprice.com Tom Kool Editor, Oilprice.com Bearish sentiment has taken hold of oil markets after OPEC+ underwhelmed with its commitment to extend its voluntary cuts into Q3 2024 and its base cuts until the end of 2025. – Combining an in-person meeting in Riyadh with a hybrid online option […]
OPINION/EDITORIAL
Cement Sector Growth Rate Continues to Reflect Failing Macroeconomic Realities
June 4, 2024/CSL Research The y/y growth rate for the cement sector rose by 30.24%, from 1.58% in Q1 2023 to 2.05% in Q1 2024. However, on a q/q basis, the sector’s growth rate declined by 37.03%, dropping from 3.26% in Q4 2023. The y/y increase can be attributed to […]
Nigeria’s Merchandise Trade Fell by 9% Y-o-Y to US$25.1bn in Q4 2023
June 3, 2024/FBNQuest Research The total provisional value of merchandise trade fell slightly by -1.0% Q-o-Q and -9% Y-o-Y to US$25.1bn in Q4 2023 according to the Central Bank of Nigeria’s (CBN) latest quarterly statistical bulletin. This decline was primarily due to reduced import trade, which decreased by 5% Q-o-Q […]
