August 21, 2023/CSL Research Money Supply statistics from the Central Bank of Nigeria (CBN) as of June 2023 showed that currency in circulation increased month-on-month by 3.03% in June to N2.6trn from N2.53trn as of May 2023. Also, currency outside banks rose month-on-month by 3.94% to N2.26trn (representing 86.93% of […]
OPINION/EDITORIAL
Bullish Sentiment Is Fading In Oil Markets
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 […]
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 […]
