February 8, 2022/OilPrice.com Chart of the Week – Largely thanks to a colder-than-average January, European gas stocks are now below 38% of aggregate storage capacity and remain well below any historical range. – With Gazprom minimizing gas flows via the Yamal-Europe pipeline, Brussels is seeking to clinch guarantees from the US and […]
OPINION/EDITORIAL
Nigeria Week ahead – IMF’s Warning, US CPI & Oil in Focus
February 8, 2022 Written on 08/02/2022 by Lukman Otunuga, Senior Research Analyst at FXTM The International Monetary Fund (IMF) rarely has anything positive to say about the Nigerian economy. On repeated occasions, the institution has urged Nigeria to increase monetary reforms, remove fuel subsidies, implement VAT hikes and push towards […]
Gross Official Reserves Declined by US$481m to US$40.50bn in January 2022
February 8, 2022/Proshare by FBNQuest Research Nigeria’s gross official reserves declined again in January 2022, falling by USD481m (-1.2% m/m) to USD40.04bn from USD40.50bn as of end of December 2021. Only last week, the gross official reserves declined below the USD40bn mark to USD39.98bn (03 Feb ’22), its lowest level […]
