August 18, 2023/Oilprice.com Michael Kern, Oilprice.com Bullish sentiment is fading slightly in oil markets despite the production cuts from OPEC+ and global inventories being tapped. Friday, August 18, 2023 While backwardation in oil markets has reached the widest level since April and inventories are declining globally, the upside for crude oil […]
OPINION/EDITORIAL
The Struggle to Save the Naira
August 18, 2023/CSL Research Since the unification of all the official foreign exchange (FX) windows, the Naira has declined by 61.04% to N745.43/$ as of 17 August 2023 from N462.88/$ (price prior to the new policy) at the I&E Window. However, the real shocks of the policy were witnessed in […]
Power Sector Still Grappling With Liquidity Challenges
August 17, 2023/FBNQuest Research The most recent electricity report from the National Bureau of Statistics (NBS), shows that the total electricity billed by the country’s distribution companies (Discos) declined slightly by -2% y/y, but increased by +4% q/q to 5,852 gigawatt hours in Q1 ’23. In comparison to the more […]
