May 10, 2024/Oilprice.com Michael Kern Editor, Oilprice.com Following several weeks of declines, oil prices are now rising once again on a combination of geopolitical risk, rising demand, and supply concerns. Friday, May 10th 2024 Oil prices are once again climbing after several weeks of declines. Falling US crude inventories and robust Chinese […]
OPINION/EDITORIAL
Nigeria’s Power Sector: Grid Supply Improves as Power Cuts Persist
May 10, 2024/FBNQuest Research In April ’24, the Nigerian Electricity Regulatory Commission (NERC) raised the tariffs for (band A) customers who receive 20 hours of electricity supply. However, power distribution companies still need to meet the contracted supply hours for these band-A customers. Power cuts were widespread due to electricity […]
Purchasing Managers’ Index (PMI) Goes Up 10bps in April 2024
May 9, 2024/CSL Research In April 2024, the Stanbic IBTC Bank Nigeria Purchasing Managers’ Index (PMI) saw a slight expansion, increasing slightly by 10bps to 51.10 after trending at 51.00 in the prior two months. However, this is the fifth consecutive month of improvement from the fall to 48.00 in […]
