July 24, 2023/CSL Research Based on figures obtained from the Central Bank of Nigeria’s (CBN) data on movement of external reserves, the country’s external reserves fell by US$2.96bn in H1 2023. The figures show that external reserves fell to US$34.12bn as of 30 June 2023 from US$37.1bn as of 30 […]
OPINION/EDITORIAL
Bullish Sentiment Is Slowly Building In Oil Markets
July 21, 2023/Oilprice.com Michael Kern, Oilprice.com Oil prices are on track for a slight weekly gain as traders grow cautiously bullish despite a strengthening U.S. dollar and speculation on another rate hike from the Fed. Friday, July 21st, 2023 This week has seen the first replenishment of US SPR stocks […]
Foreign Investments in Manufacturing Declined by 35% in Q1 2023
July 21, 2023/CSL Research According to the Nigerian Bureau of Statistics (NBS), foreign investments to the manufacturing sector dropped by 35% to US$256m in the first quarter of 2023 from US$392.5m in the fourth quarter of 2022. According to the report, the total capital imported into Nigeria in Q1 2023 […]
