December 29, 2022/OilPrice.com Tom Kool Editor, Oilprice.com Commodity trading in the festive week between Christmas and New Year has always been very light, however be it for oil markets or for metals at large, China continues to set the tone for overall sentiment. Soaring coronavirus cases (assumed but unreported) as […]

December 29, 2022/CSL Research The House of Representatives yesterday passed the 2023 appropriation bill. The total budget was increased to N21.82tn compared with N20.51tn earlier presented by President Muhammadu Buhari. A breakdown of the budget shows an allocation of N967.5bn for statutory transfers, N6.6tn for debt servicing, N8.3tn for recurrent […]

December 29, 2022/United Capital Research The Nigerian inflationary environment worsened in 2022 as we saw increased price pressures throughout the year, with the headline inflation crossing the 20.0% y/y region in Aug-2022 for the first time since 2005. Following a year of moderated price increases influenced by the high base […]