December 16, 2024/Cordros Report Nigeria’s headline inflation increased by 72bps to 34.60% y/y in November (October: 33.88% y/y). The outturn aligns with Cordros’ estimate (34.60% y/y) and 30bps higher than Bloomberg’s median consensus estimate (34.30% y/y). On a month-on-month basis, headline inflation was steady at 2.64% (October: 2.64% m/m). Food […]
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LFZC Series 9 & 10 Commercial Paper Issuance of Up to NGN 10.93Bn Still Open
December 16, 2024/FSDH Update The Lagos Free Zone Company (“Issuer” or the “Company”) Series 9 & 10 Commercial Paper Issuance (“CP” or the “Issuance”), under its N30 billion Commercial Paper Programme (the “Issue”) is still open. Lagos Free Zone Company is the licensee and operator of the Lagos Free Zone […]
Nigeria’s Crude Oil Production Reaches New High in November 2024
December 16, 2024/CSL Research According to the Nigeria Upstream Petroleum Regulatory Commission (NUPRC), crude oil production, including condensates, increased by 10% in November to 1.69 million barrels per day (mbpd), up from 1.54 mbpd in October, its highest level since March 2021. Excluding condensates, crude oil production also saw a […]
