May 24, 2023/Cordros Report The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) voted by a majority vote to hike the Monetary Policy Rate (MPR) further by 50bps to 18.5% at its May policy meeting. Thus, the MPR is now at its highest level since November 2002 […]
OPINION/EDITORIAL
Africa Needs Natural Gas to Meet 27th United Nations Climate Change Conference (COP27) Commitments
During the conference, representatives from wealthier nations made efforts to cast our continent as the recipient of undue climate change impacts deserving of financial compensation May 24, 2023/AEC By NJ Ayuk, Executive Chairman, African Energy Chamber The 27th United Nations Climate Change Conference, or the Conference of the Parties of […]
Nigeria Q1-23 GDP: GDP Growth Momentum Slows; Modest Improvement Expected in Q2-23
May 24, 2023/Cordros Report According to the recently released GDP report by the National Bureau of Statistics (NBS), domestic economic activity maintained its positive growth path in Q1-23. However, the growth momentum slowed compared to the prior quarter, settling lower at 2.31% y/y (Q4-22: 3.52% y/y). In our view, the […]
