August 23, 2023/FBNQuest Research The most recent data from the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) reveals that Nigeria’s daily production of crude oil fell to 1.29 million barrels per day (mbpd) in Jul ’23 from 1.48mbpd the previous month. The figure includes condensates of almost 0.2mbpd. Excluding condensates, the […]
OPINION/EDITORIAL
Persistent FG Revenue Underperformance; Records N1.7trn Fiscal Deficit in Q3 2022
August 22, 2023/FBNQuest Research Today, we take a look at the recently released budget implementation report (BIR) for Q3 ’22, produced by the Budget Office of the Federation in conjunction with the Office of the Accountant-General of the Federation. The report shows that the fiscal operations of the federal government […]
New Operational Mechanism for BDC Operators in Nigeria
August 22, 2023/CSL Research Last week, the Central Bank of Nigeria (CBN) in an effort to stabilise the foreign exchange arket and reduce the premium between the parallel market and the official market, issued a circular to the Bureau-De-Change operators in the country, stating new operational guidelines. This is coming […]
