June 6, 2024/European Central Bank The Governing Council decided to lower the three key ECB interest rates by 25 basis points. Based on an updated assessment of the inflation outlook, the dynamics of underlying inflation, and the strength of monetary policy transmission, it is now appropriate to moderate the degree […]

June 6, 2024/FBNQuest Research The total value of Foreign Exchange (FX) utilised in the Nigerian economy increased by +21% Q-o-Q to US$4.1bn in Q4 2023, according to the CBN’s latest Quarterly Statistical Bulletin (QSB). However, this figure is approximately -46% Y-o-Y and is the second lowest recorded over the past […]

June 6, 2024/CSL Research Following the meeting held on June 2, 2024, the Organization of the Petroleum Exporting Countries and its allies (OPEC+) set Nigeria’s crude oil production quota at 1.5 million barrels per day (mbpd) until December 2025. This decision follows the resolutions from the last ministerial meeting on […]