September 22, 2023/Coronation Research According to Nigeria’s Debt Management Office (DMO), total public debt increased by 75% q/q or N38.5trn to N87.4trn at end-June ’23. On a y/y basis, public debt increased by 104%. As at end-June ’23, public debt was equivalent to 43.7% of 2022 nominal GDP. This is […]

September 22, 2023/Oilprice.com Michael Kern, Oilprice.com Russia’s recent decision to restrict its diesel and gasoline exports has pushed oil prices higher, countering economic concerns sparked by the Fed’s recent reiteration of its “higher for longer” interest rate policy. Friday, September 22nd, 2023 Russia’s decision to ban fuel exports for an undetermined period […]

September 22, 2023/Fitch Ratings China’s new rules for a nationwide power spot market are likely to promote renewable power consumption, as they allow discovery of electricity prices in real time, says Fitch Ratings. This will also help to balance power supply and demand during peak hours. The new rules establish […]