February 15, 2022/Cordros Report In our December inflation note (see report: Inflationary Pressure Biased to Downside in the Short Term), we expected the headline inflation to moderate in January after the negative surprise witnessed in December. Our expectation was based on the favourable base effect from the prior year amidst the […]
OPINION/EDITORIAL
Oil Prices Fall Back But Bullish Sentiment Remains
February 15, 2022/OilPrice.com Chart of the Week – The price spread between spot Brent assessments such as Dated Brent and the exchange-traded ICE Brent rose to an all-time high of $5 per barrel amid ongoing geopolitical concerns. – ICE Brent backwardation, too, is mirroring the unprecedented tightness in oil markets […]
A Decline in Non-oil Exports in October 2021
February 15, 2022/Proshare by FBNQuest Research The latest monthly Economic Report from the CBN puts the value of total trade in Oct ’21 provisionally at USD10.0bn, a slight increase of 1.5% m/m. October’s trade balance shows a 43% y/y increase, based on data drawn from the CBN’s quarterly statistical bulleting […]
