October 3, 2023/CSL Research According to the selected food price watch report by the Nigerian Bureau of Statistics (NBS), food prices have continued to grow significantly. The selected food items include staples such as rice(1kg), beans(1kg), bread (500g), tomatoes, beef, wheat (2kg), garri (1kg) and palm oil (1 bottle). According […]

September 29, 2023/Coronation Research The oil sector plays a pivotal role in Nigeria’s economy, particularly due to its contribution to FGN revenue. In 2022, oil revenue accounted for 40.7% of total FGN revenue, compared with a contribution of 45.3% in 2021. However, from a national accounts’ perspective, it currently contributes […]

September 29, 2023/Oilprice.com Michael Kern, Oilprice.com Despite plenty of bullish catalysts, oil prices are meeting resistance every time they break above $95, with traders nervous that Saudi Arabia may unwind its production cuts earlier than expected. Friday, September 29th, 2023 The expiry of November ICE Brent futures has seen backwardation […]