May 4, 2023/CSL Research Based on data from the National Upstream Petroleum Regulatory Commission (NUPRC), Nigeria’s oil production dropped month on month, down 2% to 1.517 million barrels per day (mbpd), in March 2023, from 1.547mbpd recorded in February 2023. The nation’s output had risen by 3.5% in February 2023 […]
OPINION/EDITORIAL
Rail Transport Revenue Grew by 81% QoQ to N1.7trn in Q4 2022
May 4, 2023/FBNQuest According to the National Bureau of Statistics’ most recent data on rail transportation, the total revenue generated through the mode of transportation grew by +81% q/q to c.NGN1.7trn in Q4 ’22. This compares favourably with an increase of +27% q/q in the previous quarter. On a y/y […]
More Pressure on Manufacturing Activity
May 4, 2023/United Capital In a circular dated 20-Apr-2023 and signed by the Minister of Finance, the Federal Government introduced new Fiscal Policy Measures (FPM) for 2023; this introduced additional taxes on previously approved rates for tobacco, alcoholic beverages, wines, and spirits ranging from 20.0 – 100.0%. On Tuesday 02-May-2023, […]
