September 25, 2023/CSL Research Money Supply statistics from the Central Bank of Nigeria (CBN) for July 2023 showed that currency in circulation decreased month-on-month marginally by 0.29% in July to N2.59trn from N2.60trn as of June 2023. Also, currency outside banks declined month-on-month by 2.39% to N2.21trn (representing 85.10% of […]

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 […]