July 24, 2023/Oilprice.com Tom Kool Editor, Oilprice.com Oil prices have been slowly but surely edging higher in July as rising optimism around Chinese demand combines with supply concerns to boost bullish sentiment. Chart of the Week – Chinese authorities have reformed natural gas pricing in the country, linking retail residential […]
OPINION/EDITORIAL
Sectoral FX Utilisation Drops by -0.7% Q0Q to US$7.5bn
July 25, 2023/FBNQuest Research Today, we turn our attention to the utilisation of foreign exchange (fx) by the various sectors of the economy. According to CBN data, the total sectoral utilisation of fx through official channels was flat (-0.7%) q/q at USD7.5bn. However, on a y/y basis, it increased by […]
The Markets in Review: Will Foreign Portfolio Investors Return?
July 25, 2023/Coronation Research With the NGX All-Share Index up 26.8% year-to-date, and key reforms on fuel subsidy and foreign exchange enacted, will the foreign portfolio investor stage a return? Our view is that, following many disappointments in the equity market and a significant rearrangement of US and Nigerian market […]
