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 […]
OPINION/EDITORIAL
Power Sector Still Grappling With Liquidity Challenges
August 17, 2023/FBNQuest Research The most recent electricity report from the National Bureau of Statistics (NBS), shows that the total electricity billed by the country’s distribution companies (Discos) declined slightly by -2% y/y, but increased by +4% q/q to 5,852 gigawatt hours in Q1 ’23. In comparison to the more […]
OPEC’s Review of the Demand and Supply of Oil
August 17, 2023/CSL Research In its Monthly Oil Market Report for August 2023, the Organization of Petroleum Exporting Countries and its allies (OPEC+) reported that the OPEC Reference Basket (ORB) advanced by 7.8% m/m to an average of US$81.06/bbl in July 2023 from an average of US$75.19/bbl in June 2023. […]
