April 18, 2023/CSL Research Based on recent data by National Bureau of Statistics (NBS) from Nigeria Railway Corporation (NRC), the number of rail transport passengers in Q3 2022 was 500,348, lower than the 696,841 reported in the corresponding period of 2021, representing a decline of 28.20%. In Q4 2022, the […]
OPINION/EDITORIAL
The Downstream Oil & Gas Downstream Sector: Still in the Woods
April 18, 2023/Cordros Report In this report, we update our views on the Nigerian oil and gas sector, with a key focus on downstream operators. As experienced in recent years, the downstream oil and gas sector remains plagued by operational challenges, such as inadequate infrastructure, FX liquidity constraints, and most […]
Nigeria March 2023 CPI: Consumer Prices to Remain Elevated in the Near Term
April 17, 2023/Cordros Report The National Bureau of Statistics (NBS) recently released the March 2023 inflation report, showing that the headline inflation increased by 13bps to 22.04% y/y (February: 21.91% y/y) – the highest print since September 2005 (24.32% y/y). Parsing the breakdown provided, we highlight that food prices rose […]
