(Credit: Marcin Jozwiak/Unsplash) August 24, 2023/IMFBlog By Simon Black, Ian Parry, and Nate Vernon Fossil-fuel subsidies surged to a record $7 trillion last year as governments supported consumers and businesses during the global spike in energy prices caused by Russia’s invasion of Ukraine and the economic recovery from the pandemic. As the […]

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 […]

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 […]