August 4, 2023/CSL Research The Nigerian National Petroleum Company Limited NNPCL, on Thursday, announced its partnership with Nipco Gas Limited for the development and deployment of Compressed Natural Gas (CNG) stations across the country. CNG, popularly called autogas, is alternative fuel used in automobiles, and the push for its adoption […]
OPINION/EDITORIAL
Broadband Internet Connections Decline by 1% MoM to 92m in March 2023
August 4, 2023/FBNQuest Our chart below, produced using data provided by the Nigerian Communications Commission (NCC), shows a slight decline in Nigeria’s broadband internet connections in Mar ’23. The latest m/m decline breaks an upward trend that began in Mar ’22. According to NCC, mobile broadband accounts for a dominant […]
Weakened PMI Performance in July 150 Bps Below June
August 3, 2023/CSL Research In a recent report, the nation’s composite Purchasing Manager’s Index (PMI) expanded moderately over the threshold of 50.o to 51.70 for July 2023, 150 basis points (bps) below the performance of 53.2 for June 2023. This reflects a slowdown in business activities. The decline in the […]
