March 11, 2024/CSL Research Based on a recent report from the National Bureau of Statistics (NBS), Nigeria recorded a trade deficit of N1.41trn in the fourth quarter (Q4) of 2023. Total merchandise trade was N26.8trn, an increase of 38.2% over the value recorded in Q3 2023 and a significant growth […]

March 8, 2024/Oilprice.com Tom Kool Editor, Oilprice.com Oil prices have remained largely rangebound over the last month as bullish and bearish factors continue to counterbalance each other.  Friday, March 8th 2024 The flatlining of oil prices continued this week despite positive trade data coming out of China and impressive Indian oil […]

March 8, 2024/Fitch Ratings The recent 400bp increase, to 22.75%, in Nigeria’s monetary policy rate (MPR) marks progress in the country’s efforts to contain inflation and support a more market-determined exchange rate, though real rates remain negative and the exchange rate is still subject to downward pressure, says Fitch Ratings. […]