February 27, 2024/Oilprice.com Tom Kool Editor, Oilprice.com Oil prices continue to trade in a very narrow bandwidth with ICE Brent still hovering around the $83 per barrel mark, with traders anticipating potentially impactful US economy data coming in later this week – first the US personal consumption expenditures readings, followed […]

February 27, 2024/FBNQuest Research The gross monthly distribution by the Federation Allocation Committee (FAAC) to the three tiers of the government amounted to NGN1.2trn (USD816.8m) in February (from January revenue). The disbursement represents a slight increase of +2% m/m from the previous month’s gross payout. Compared with the previous month, […]

February 27, 2024/CSL Research As the Central Bank of Nigeria (CBN) concludes its first Monetary Policy Committee (MPC) meeting under the CBN Governor Yemi Cardoso today, we anticipate a sustenance of its contractionary monetary measures. Despite the administration’s preference for a low interest rate environment, we expect a 100bps increase […]