November 10, 2023/Fitch Ratings Higher-than-expected oil prices in a scenario where the Middle East conflict disrupts oil supply would cause lower economic growth and higher inflation, Fitch Ratings says. World GDP growth would be 0.4pp lower in 2024, but only 0.1pp lower in 2025, although the absence of a significant […]
OPINION/EDITORIAL
Oil Prices Under Pressure But Sentiment Could Soon Shift
November 10, 2023/Oilprice.com Michael Kern, Oilprice.com Oil prices continued to tumble this week as demand concerns and inventory build-ups added to bearish sentiment, but with an OPEC+ meeting at the end of the month and the potential of an escalation in the Gaza war things could change rapidly. Friday, November […]
A Decline in the FGN’s Fiscal Deficit; Lower to N2.0trn in Q2 2023
November 10, 2023/FBNQuest We see from the Central Bank of Nigeria’s (CBN) Quarterly Statistical Bulletin for Q2 ’23 that the fiscal operations of the Federal Government of Nigeria (FGN) resulted in a lower fiscal deficit of -NGN2.0trn, compared with -NGN3.9trn and -NGN2.2trn in the previous quarter and the corresponding quarter of […]
