Updates

June-2024 Inflation Note: Headline Inflation Rate Rose for the 18th Straight Month

July 17, 2024/United Capital Research The June-2024 Consumer Price Index (CPI) report released by the National Bureau of Statistics (NBS) revealed that the Nigeria’s headline inflation rose by 34.19% y/y, up 0.24ppts from 33.95% y/y in May-2024, and up 11.4ppts from 22.79% y/y in Jun-2023. This represents 18 consecutive months […]

IMF Says Antoinette Sayeh to Retire as Deputy Managing Director

July 17, 2024/IMF Kristalina Georgieva, Managing Director of the International Monetary Fund (IMF), announced today that Deputy Managing Director Antoinette Sayeh intends to conclude her service on September 12, 2024. “Antoinette has been a pillar of the Fund’s leadership team for many years. Her incredible experience, deep integrity, and wise […]

Dangote commends NUPRC for publishing Domestic Crude Supply Obligation Guidelines

…Says local price will continue to increase because Trading arms offer cargoes at $2-$4 per barrel, above NUPRC official price …Insists IOCs are frustrating its crude supply demands July 17, 2024/Dangote Group The Management of Dangote Industries Limited (DIL) have commended the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) for its […]