CFG AFRICA MACROECONOMIC HIGHLIGHTS 14072025

  OPEC warns of $14.9tn investment gap in upstream sector – The Organization of the Petroleum Exporting Countries has called for urgent and sustained investment in the global upstream oil sector, warning that a cumulative $14.9tn will be required between 2025 and 2050 to meet projected demand and prevent a future energy crisis. This investment […]

CFG AFRICA MACROECONOMIC HIGHLIGHTS 23062025

Naira strengthens over CBN intervention, FPI inflow – The naira strengthened at the official window in the past week to 1,547/$ from 1,549/$, supported by intervention from the Central Bank of Nigeria, which injected dollars into the market to ease corporate demand pressures. Analysts also alluded the development to the resilience of the naira to […]

CFG AFRICA MACROECONOMIC HIGHLIGHTS 13062025

FG to revoke dormant oil licences with new policy – The Nigerian Upstream Petroleum Regulatory Commission has told oil producers that it is set to implement the ‘drill or drop’ policy. The Chief Executive of the NUPRC, Gbenga Komolafe, disclosed this when he received a delegation from the Independent Petroleum Producers Group at the commission’s […]

CFG AFRICA MACROECONOMIC HIGHLIGHTS 04062025

Investors gain N1.9tn on NASD in one week – Investors on the NASD Over-the-Counter Securities Exchange recorded a N1.90tn gain last week as the market capitalization rose by 1.86 per cent. According to the NASD weekly report for the week ended May 30, the NASD OTC market capitalization increased from N1.87tn in the previous week […]