July 13, 2023/CSL Research The National Upstream Petroleum Regulatory Commission (NUPRC) reported that Nigeria’s crude oil production came in at 1.48mbpd in June 2023 (inclusive of 55,088bpd and 176,030bpd of its blended and unblended condensates respectively). This is 3.5% and 5.71% higher than its oil production of 1.43mbpd and 1.40mbpd […]
OPINION/EDITORIAL
Senegal’s Growth Prospects are Strong
Photo Credit: malick/Adobe Stock IMF COUNTRY FOCUS July 12, 2023/IMF After slowing to 4.7 percent in 2022, growth in Senegal is projected to rebound to over 5.3 percent this year, due in part to an emerging oil and gas industry. This makes Senegal one of the strongest growing economies in […]
Persistent Weak Trend in Capital Importation; Declined by 28% YoY to US$1.1bn in Q1 2023
July 11, 2023/FBNQuest The National Bureau of Statistics’ (NBS) most recent data on capital importation show that the total value of capital imported into Nigeria improved slightly by 7% q/q to USD1.1bn in Q1 ’23. However, on a y/y basis, the value of capital declined by -28%, due to marked […]
