February 20, 2024/CSL Research According to data from the National Upstream Petroleum Regulatory Commission (NUPRC), Nigeria’s crude oil production including condensates, increased 5.85% m/m reaching 1.64 million barrels per day (mbpd) in January 2024, up from 1.55 mbpd in December 2023. Excluding condensates, the production rose to 1.43 mbpd, compared […]
OPINION/EDITORIAL
Nigeria’s Current Account Improved to a Surplus of USD3.3bn in Q3 2023
February 19, 2024/FBNQuest Research According to the most recent Quarterly Statistical Bulletin (QSB) from the Central Bank of Nigeria (CBN), Nigeria’s current account improved to a surplus of USD3.3bn in Q3 ’23, higher than a revised surplus of USD808.9m in Q2 ’23. In standardised terms, the figure represents a surplus […]
Capital Importation into Nigeria up in Q4 2023 Relative to Q3 2023
February 19, 2024/CSL Research According to data from the Nigerian Bureau of Statistics (NBS), Nigeria experienced a marginal increase in total capital importation in Q4 2023, reaching US$1.09 billion. This marks a 2.62% rise from the US$1.06 billion recorded in Q4 2022. Quarter-on-quarter, there was a substantial increase of 66.27%, […]
