The domestic bourse closed the week lower as the market reacted negatively to the MPC’s interest rate hike. Consequently, the All-Share Index (ASI) declined by 0.3% w/w to 97,507.87 points. November 29, 2024/Cordros Report Global According to the Bureau of Labor Statistics (BLS), the United States Personal Consumption Expenditures (PCE) […]
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UBA Start Full Banking Operations in France
November 29, 2024/UBA Plc As part of President Bola Ahmed Tinubu’s state visit to France, the Chairman of UBA Group, Tony Elumelu in the presence of President Tinubu and the President of France, Emmanuel Macron, signed a landmark business cooperation agreement with the French Finance Minister, Antoine Armand. The agreement […]
Nigeria’s Crude Oil Production Drops to 1.54 mbpd in October
November 29, 2024/CSL Research Despite reports suggesting that Nigeria’s crude oil output, including condensates, rose to 1.8 million barrels per day (mbpd) in October 2024, official data from the National Upstream Petroleum Regulatory Commission (NUPRC) indicates otherwise. According to the NUPRC, crude oil production, including condensates, fell slightly by 0.40% […]
