OPINION/EDITORIAL

Fuel Cost Hike, FX Scarcity Bites Harder on Airline Operations

February 22, 2022/CSL Research Based on local print media sources, the cost of air tickets along major routes across the country has more than doubled due to the unexpected increase in aviation fuel (Jet A1). Prior to the recent hikes, a one-way ticket for a flight to Abuja from Lagos […]

Real Estate GDP: Back from the Brink, but Not Completely out of the Woods

February 21, 2022/CSL Research In contrast to the 5-year negative trend, the Real Estate sector closed the year 2021 positive, recording a 2.26% GDP growth, in line with our positive expectations as highlighted in our 2022 outlook “In Dribs and Drabs”. The GDP performance measures the health of companies offering […]

Q4-21 Economy Recoups Pandemic Losses; Sustained Growth Expected in Q1-22

February 18, 2022/Cordros Report According to the recently released GDP report by the National Bureau of Statistics (NBS), the domestic economy grew by 3.98% y/y in Q4-21 (Q3-21: 4.03% y/y). The outturn outperformed Cordros’ (+2.44% y/y), and Bloomberg’s consensus (1.40% y/y) estimates, with the deviation stemming from a better-than-expected growth […]