July 15, 2024/CSL Research A recent Punch news report indicates that the Federal Government (FG) and crude oil producers in Nigeria are committed to ensuring a sustainable supply of crude oil to local refineries using a market-determined pricing system. Both parties emphasized that this commitment aims to allow operators (crude […]
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United Capital Research Investment Views This Week, 15th July to 19th July 2024
July 15, 2024/United Capital Research Global Markets Last week, US markets had a slow start as traders digested the previous Friday’s employment data. Similarly, focus was shifted to Fed Chair, Jerome Powell’s two-day testimony before Congress. The Fed Chair was slightly dovish, pointing to progress on inflation and suggesting that […]
Rapid Response: Headline Inflation Increases Further by 24bps to 34.19% Y/Y in June
July 15, 2024/Cordros Report Nigeria’s headline inflation rose by 24bps in June to 34.19% y/y (May: 33.95% y/y). The outturn is 19bps higher than Cordros’ and Bloomberg’s median consensus estimates of 34.0% y/y. On a month-on-month basis, headline inflation rose by 17bps to 2.31% (May: 2.14% m/m). Food inflation increased […]
