February 24, 2023/OilPrice.com Tom Kool Editor, Oilprice.com After an initially subdued reaction to yet another crude oil build in the U.S. on Thursday, oil prices fell on Friday morning as bearish sentiment built. Speculation of further Russian production cuts and a rebound in Chinese demand had held oil prices higher, […]
OPINION/EDITORIAL
Fitch Downgrades Ghana’s LT LC IDR to ‘RD’
February 24, 2023/Fitch Ratings This is a correction of a rating action commentary published on 14 February 2023. It corrects a reference to a local-currency principal payment that was due on 6 February 2023. The amount should have been Ghanaian cedi billions and not trillions. Fitch Ratings has downgraded Ghana’s Long-Term […]
An Improved Revenue Outturn in October ‘22
February 24, 2023/FBNQuest Research The CBN’s monthly economic report for October ’22 shows slight improvements in the federation’s gross receipts. Gross revenue increased by 7% m/m and 8% y/y to NGN1.2trn. However, the gross amount was lower than the pro-rata monthly budget benchmark of NGN1.6trn. The improved revenue outturn was […]
