August 17, 2023/Cordros Report On 16 August, the Nigerian National Petroleum Company Limited (NNPCL) announced that it had secured a USD3.00 billion emergency crude repayment loan from the African Export-Import (AFREXIM) bank. According to the NNPCL, this loan agreement is not a crude-for-refined product swap but an upfront cash loan […]

August 16, 2023/CSL Research After a long wait, the Central Bank of Nigeria released its consolidated and separate financial statements for the first time since 2015. This follows President Bola Ahmed Tinubu’s order to the appointed special investigator -CEO of Financial Reporting Council of Nigeria, Jim Obaze to probe CBN […]

August 16, 2023/InvestmentOne Report Please click to download our July 2023 Inflation Update According to the latest CPI figures from the National Bureau of Statistics (NBS), inflation expanded further as it increased by 129bps to 24.08% y/y in July from the June reading of 22.79% y/y. The rise in inflation […]