Consumer

Introduction On May 4, 2025, a significant chapter in Somalia's economic story was penned with the launch of a modernized Consumer Price Index (CPI) by the Somalia National Bureau of Statistics (SNBS). This moment not only marked the introduction of the first nationally representative CPI, but also demonstrated a commitment to economic inclusivity. Shortly thereafter, on May 22nd, SNBS unveiled its inaugural quarterly CPI report under this innovative framework—a report rich in insights, analyses, and details that delved…

In an ever-evolving business landscape, small adjustments can ripple through entire industries. On a rather bright Thursday morning, a notable update filtered into the emails of those closely watching Nigeria’s petroleum sector. The Dangote Refinery, a cornerstone of the country's energy structure, announced a subtle yet intriguing shift in its pricing structure. The ex-depot price, sometimes referred to as the gantry price, has been lowered to N865 per litre, a small but noteworthy decrease of N15 from just the previous…