May 18, 2023/CSL Research Based on data from the National Upstream Petroleum Regulatory Commission (NUPRC), Nigeria’s oil production was down month on month by 17.7% to 1.25 million barrels per day (mbpd) in April 2023 from 1.52mbpd in the preceding month of March 2023. This is the second consecutive month […]
OPINION/EDITORIAL
Pre-MPC: May 2023 MPC Likely to Raise the MPR Further by 50bps
May 18, 2023/Cordros Report The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) is expected to hold its third meeting of the year on the 23rd and 24th of May. As in the past meetings this year, the Committee remains faced with either maintaining its hiking cycle or keeping […]
A Notable Rise in the Value of e-Payment Transactions; Increased by 52% YoY to N48.3trn in March 2023
May 17, 2023/FBNQuest The latest data from the Nigeria Inter-Bank Settlement System (NIBSS) shows that the total value of electronic transactions recorded under the NIBSS Instant Payments (NIP) platform increased by 52% y/y to NGN48.3trn in Mar ‘23. On a m/m basis, the value of transactions processed through the NIP […]
