INFLATION WATCH – FEBRUARY 2022
Surge in Energy prices drives Nigeria’s headline inflation rate to 15.70% Nigeria’s Consumer Price Index (CPI) for February 2022 expanded by 15.70% year-on-year, 10bps higher than January 2022 figures at 15.60% (matching the Bloomberg Consensus…
Nigeria’s GDP for Q4 2021 expanded further by +3.98% year-on-year
The Nigerian economy sustained its growth trajectory for the fifth consecutive quarter, as the economy recorded a real growth rate of +3.98% year-on-year in Q4 2021, with a cumulative 2021 GDP of +3.40% (from -1.92% in 2020 and higher than the Apex…
INFLATION WATCH – JANUARY 2022
Nigeria’s Headline Inflation Slows in January Nigeria’s Consumer Price Index (CPI) for January 2022 expanded by 15.60% year-on-year, down from 15.63% recorded in December 2021. The composite food sub-index grew by 17.13% year-on-year (vs. 17.37% recorded…
CBN HOLDS KEY POLICY RATES TO FOSTER ECONOMIC GROWTH – 25 JANUARY 2022
The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) concluded its first monetary policy meeting of 2022 today, maintaining all key rates. Please see below, a summary of the committee’s decisions. …
INFLATION WATCH – DECEMBER 2021
Nigeria’s Headline Inflation Figures: A change in trajectory Nigeria’s Consumer Price Index (CPI) for December 2021 expanded by 15.63% year-on-year, up from 15.40% recorded in November 2021, following 8 consecutive months of decline. This rise can be…
INFLATION WATCH – NOVEMBER 2021
Nigeria’s Headline Inflation Figures: Sustained downward Trajectory The National Bureau of Statistics (NBS) confirmed in its monthly report, the nation’s Eighth consecutive month of disinflation, with the Consumer Price Index (CPI), which measures…
MPC retains Benchmark Interest Rate at 11.50% – 23 November 2021
The Monetary Policy Committee (MPC) concluded its final meeting for 2021 today, unanimously maintaining all key policy metrics as follow: – Retain MPR at 11.50%…
NIGERIA Q3’2021 GDP GROWS BY 4.03% YEAR-ON-YEAR
HIGHLIGHTS •The National Bureau of Statistics (NBS) published the Gross Domestic Product (GDP) figures for Q3’2021, which revealed that the economy grew by 4.03% year-on-year (vs. 5.01% in Q2’2021 and 0.51% in Q1’2021). This reflects the…
INFLATION WATCH – OCTOBER 2021
Nigeria’s Headline Inflation Figures: Slows down to 15.99%, surpasses 16.2% estimates. The headline inflation rate in October printed at 15.99% year-on-year, which showed a further decline from 16.63% recorded in September 2021. The moderation trend in…
INFLATION WATCH – SEPTEMBER 2021
Nigeria’s Headline Inflation Figures: Trickles Further to 16.63% The annual inflation rate for September printed at 16.63% year-on-year (down 38bps from 17.01% recorded in August 2021), on the back of tempered food price growth and boost from a lower…
