January 29, 2024/FBNQuest Research According to the most recent report from the National Bureau of Statistics (NBS) on railway transportation, the total revenue generated from railway traffic increased by +45% q/q to NGN1.9bn in Q3 ’23. On a y/y basis, the sub-sector’s revenue growth more than doubled. It is worth […]

January 26, 2024/FBNQuest Research The most recent quarterly economic report from the Central Bank of Nigeria (CBN) on the federation’s revenue shows that the gross federally collected revenue increased by 50% q/q and 26% y/y to NGN4.8trn in Q3 ’23. Despite the higher revenue collections, total government receipts still fell […]

January 26, 2024/Oilprice.com Michael Kern Editor, Oilprice.com The bullish case for oil prices was strengthened dramatically this week, with strong U.S. economic data helping to push Brent well past the $80 mark.   Friday, January 26, 2024 The stronger-than-expected performance of the US economy has boosted oil prices to their highest level […]