 In June 2023, the headline inflation rate rose to 22.79% relative to May 2023 headline inflation rate, which was 22.41%. Now, looking at the movement, the June 2023 headline inflation rate showed an increase of 0.38% point when compared to May 2023 rate. On a year-on-year basis, the headline inflation rate was 4.19% point higher compared to the rate recorded in June of 2022, which was 18.60%. Now, this shows that the headline inflation rate year-on-year basis increased in June 2023 when compared to the same month in the preceding year. On the show today, we will be breaking down all of this a welcome to business insight and plus TV Africa. I am Justin Acadone. Before we get into the discussion proper here is a roundup of major business headlines. We'll begin with the NGX, the Nigerian equities market closed positively as the key market indicated to advance by 373.62 basis point amid positive market breaths. The NGX, all share index advanced by 0.60% to close at 62,943.35 basis point against the 0.29% loss recorded previously to close at 62,569.73 basis point at the end of the last trade-in session. Now, in Naira terms, the NGX market cap records a 203.44 billion Naira gain year to date the NGX ASI stands at 22.81%. Now, Nigeria's oil output dropped months and months by 5.5% to 1.249 million barrels per day in June 2023 from 1.184 million barrels per day in May. Also year on year, the nation's oil output dropped by 17.6% to 1.249 million barrels per day in June 2023 from 1.515 million barrels per day in the corresponding period of last year. In its latest July 2023 monthly oil market report, the Organization of Petroleum Exporting Countries, OPEC, disclosed that this was based on data obtained from official sources. The report did not concede that Nigeria's condensate output currently hovering between 300,000 and 400,000 barrels per day, meaning that when this is conceded, the nation's total output would be much higher. Well, moving on now to exports, the Executive Director and CEO of the Nigerian Export Promotion Council, Isra Yokozak, says Nigeria's non-oil sector recorded a slight decrease in the value of exports to $2.54 billion, representing a 0.09% deep in the first half of 2023. Yokozak made a statement during a presentation on the non-oil export sector for the first half of the year. He explained that the recorded figure was a slight decrease as against the sum of $2.59 trillion billion in the corresponding period of 2022. Now the Pottery Association of Nigeria says farms across the country are currently shutting down operations due to the persistent hike in the price of maize, a major feed for birds, in the subsector. Based on this, the PAN stated that the Potry subsector in Nigeria was heading for a crush if the government failed to salvage the industry. In a statement on Monday, the association said at the moment, the Potry industry in Nigeria is on the verge of total collapse if urgent intervention is not channeled to eat without further delay. And that's it on business. Roundup, we'll take a quick break and we'll be talking about inflation figures in a moment. I'll be introducing my guests to join me again.