May 21, 2024/Cordros Report The Monetary Policy Committee (MPC), in its third meeting of the year, voted to raise the Monetary Policy Rate (MPR) for the third consecutive time by 150bps to 26.25% in May. Notably, the Committee deliberated on either tightening its monetary policy further or holding the MPR […]

May 21, 2024/Oilprice.com Tom Kool Editor, Oilprice.com Bearish sentiment appears to have taken hold of oil markets lately, with demand concerns dragging prices lower. Oil bulls will be looking to OPEC+ to lift prices at its upcoming meeting. – European crude differentials have dipped this week after the continent’s return […]

May 20, 2024/FBNQuest Research The Federal Account Allocation Committee (FAAC) published its latest monthly communiqué on the federation’s revenue distribution. According to the report, the gross monthly distribution to the three tiers of the government amounted to N1.2trn (USD784.4m) in May 2024 (from April 2024 revenue). The gross payout for […]