August 21, 2023/FBNQuest Research Our chart below, drawn from data provided by the Nigerian Communications Commission (NCC) on mobile subscribers, shows that the number of active mobile lines declined marginally by -0.5% m/m, (or -1.2 million lines) to 220 million in Jun ’23. The decrease marks the fourth consecutive monthly […]
OPINION/EDITORIAL
Currency Outside Banks Climbed by 3.94% to Reach N2.26trn in June 2023
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 […]
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 […]
