OPINION/EDITORIAL

Prices of Staple Food Items Increase in January 2024

March 7, 2024/CSL Research The National Bureau of Statistics (NBS) of Nigeria through its selected food price watch for January 2024 reported steep increases in the average prices of essential food items that are widely consumed by Nigerians. According to the World Food Programme (WFP), 4.4m people are food insecure […]

A Net Surplus of USD3.7bn on the Financial Account in Q3 2023

March 6, 2024/FBNQuest Research In our concluding discussion on the Central Bank of Nigeria’s balance of payments (BOP) data, we examine the trend on the financial accounts. According to the recently released BOP data, the financial account recorded a higher net surplus of USD3.7bn in Q3 ’23 compared to a […]

Nigeria’s Worsening Power Situation

March 6, 2024/CSL Research In response to inquiries into the recent nationwide electricity supply challenges, Minister of Power, Chief Adebayo Adelabu, has disclosed findings from investigations conducted by the power ministry. According to the minister, the inquiry revealed that certain power distribution companies were rejecting electricity, even amidst the current […]