April 25, 2024/FBNQuest Research The total value of transactions recorded under the NIBSS Instant Payments (NIP) platform increased by +5% m/m to N83.0trn, according to the most recent update from the Nigeria Inter-Bank Settlement System (NIBSS). On a y/y basis, the value of transactions processed through the NIP platform increased […]

April 25, 2024/CSL Research The Federal Government of Nigeria (FGN) recently issued a directive to reopen Nigeria’s land and air borders with the Republic of Niger, along with lifting other sanctions imposed on the country after the coup there. This move aims to reinvigorate export activities, as trade between Nigeria […]

April 24, 2024/CSL Research Yesterday, there were reports that the Dangote Petroleum Refinery has once again slashed the prices of diesel and aviation fuel. Diesel now sells for N940 per litre, while aviation fuel is priced at N980 per litre. This marks the third significant reduction in diesel price within […]