Culled—Proshare June 8, 2020 PFI Capital Limited The latest consumption expenditure data from the NBS shows that Nigerians spent N40.21 trillion on food and non-food items in 2019, of which expenditure on food consumption outside of home was highest (11.43% of total consumption expenditure) followed by expenses on transport […]
Updates
Nigeria’s Gross Official Reserves Recovered By US$3.07bn in May 2020 to US$36.60bn
Culled—-Proshare June 8, 2020 by FBNQuest Research Nigeria’s gross official reserves recovered by US$3.07bn in May to US$36.60bn. This first monthly increase since May 2019 can be traced to the disbursement by the IMF of the US$3.4bn soft loan it granted Nigeria within its Rapid Financing Instrument (RFI). It […]
OPEC’s decision to extend Production Cuts is a Positive Step for African Energy Players
Gradual reopening of world economies along with increased conformity to the production cuts have allowed oil prices to bounce back and reach the $40/bbl threshold June 8, 2020/AEC Over the weekend, the 11th OPEC and non-OPEC Ministerial Meeting concluded on a series of decisions which will help maintain a still […]
