August 19, 2022/OilPrice.com Bearish sentiment has taken hold of oil markets recently as fears of demand destruction and rumors of a new nuclear deal pushed prices down. Strong inventory draws in the U.S. have since sent prices back up, but downward pressure persists. Friday, August 19th, 2022 Oil prices had […]
OPINION/EDITORIAL
Rebound in FAAC Payout for July
August 19, 2022/Coronation Research The latest gross monthly distribution by the Federation Account Allocation Committee (FAAC) to the three tiers of government and public agencies amounted to N802.4bn in July (from June revenue). This was an increase of 18% or N121.6bn from June’s payout and 14.7% higher than the payout […]
Bank Loans to the Power Sector
August 19, 2022/CSL Research According to a Punch news report, which was based on a recent data from the Central Bank of Nigeria, power generation and distribution companies owed Nigerian banks N836.09bn as of June 2022. While power generation firms and independent power producers owed banks N562.19bn, power transmission and […]
