September 1, 2023/FBNQuest According to the most recent Quarterly Statistical Bulletin (QSB) from the Central Bank of Nigeria (CBN), Nigeria’s current account recorded a surplus of USD2.5bn in Q1 ’23, slightly higher than a revised surplus of USD2.4bn in Q4 ’22. On standardised terms, the figure improved to 2.2% of […]

September 1, 2023/CSL Research The manufacturing sector’s real GDP growth was 2.20% in Q2 2023, a 26.8% decrease compared to the 3.0% recorded in Q2 2022, but an increase of 36.6% from the 1.61% recorded in the previous quarter. The sector’s contribution to the real GDP in the second quarter […]

September 1, 2023/Oilprice.com Michael Kern, Oilprice.com Bullish sentiment is building in oil markets as U.S. inventory levels continue to drop while OPEC+ production and export cuts are expected to be extended. Friday, September 1st, 2023 Continuous US stock draws equivalent to a 1 million b/d decline over the past five […]