Nigeria’s Headline Inflation Figures: Recovery Momentum The annual inflation rate in Nigeria eased for the […]
Nigeria’s GDP for Q2 2021 expanded by +5.01% year-on-year
Data released by the National Bureau of Statistics (NBS) show that the Nigerian economy expanded for the third consecutive quarter, growing at its fastest pace since Q4 2014. The Nation’s Gross Domestic Product (GDP) grew by 5.01% year-on-year in Q2 2021, lower than Bloomberg’s forecast of 5.6%. This expansion is ca +4.50% better than +0.51% growth recorded in Q1 2021, and +11.11% higher than the -6.10% contraction recorded in Q2 2020.
INFLATION WATCH – JULY 2021
Nigeria’s Headline Inflation Figures: Sustained downward Trajectory Nigeria’s headline inflation fell for the fourth consecutive […]
CBN maintains Benchmark Rate at 11.50%, bans sale of Forex to BDCs– 27 July 2021
The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) concluded its fourth monetary policy meeting of 2021 today, maintaining all key rates.
INFLATION WATCH – JUNE 2021
A Persistent decline in Nigeria’s Headline Inflation Figures The Consumer Price Index (CPI) report for […]
FGN BONDS ISSUANCE CALENDAR FOR THE THIRD QUARTER, 2021
The Debt Management Office (DMO) released the Federal Government of Nigeria (FGN) bond issuance calendar for third quarter of 2021, with total amount on offer of ca ₦540billion, ca +20% higher than ₦450billion offered in Q2 2021. The calendar indicated the reopening of the February 2028, March 2036 and March 2050 maturities.
Nigerian Senate approves supplementary budget – 07 July 2021
The Nigerian Senate on 07 July 2021, approved the Federal Government’s request to borrow ca $6.1 billion (₦2.343 trillion) from Multilateral and Bilateral tenders as well as the international Capital Market. This borrowing, which was already approved in the Appropriation Act 2021 as part of the 2021 budget is expected to part-finance the 2021 budget deficit of ₦5.6 trillion.
