Category: Macroeconomic Update

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…

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…

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…

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…

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…

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% – Retain CRR at 27.50%…

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…

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…

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…

The Debt Management Office (DMO) concluded the book-building process for its triple-tranche Eurobonds offer, after two days of virtual meetings with investors across the world. Investors’ participation was quite remarkable…