March 16, 2023/United Capital Research Data from Mar-2023 Monthly Oil Market Report by the Organisation of the Petroleum Exporting Countries (OPEC, or Oil Cartel) revealed a downward revision of its crude oil demand from 29.5mbpd to 29.3mbpd (FY-2023), showing a drop of 0.2mbpd for the full year. On a quarterly […]
OPINION/EDITORIAL
Nigeria February 2023 CPI: Inflationary Pressures to Remain Sticky Despite High Base Effects
March 15, 2023/Cordros Report The February 2023 inflation report recently released by the National Bureau of Statistics (NBS) showed that consumer prices maintained their uptrend for the second consecutive month after the moderation witnessed in December 2022. Precisely, the headline CPI increased by 10bps to 21.91% y/y (January: 21.82% y/y). […]
House Prices Continue to Fall as Borrowing Costs Rise
(Credit: IMF Photo) March 15, 2023/IMF By Hites Ahir, Prakash Loungani, and Karan Bhasin Global housing markets are retreating after years of steady gains. The Chart of the Week shows widespread declines in inflation-adjusted housing prices for two-thirds of the countries with recent data from the Organisation for Economic Co-operation and Development. View the […]
