Category: Monthly Market Report

Macroeconomic Review Nigeria’s Inflation – Annual headline inflation nudged higher Nigeria’s annual inflation rate increased to 21.91% in February 2023, up from 21.82% the previous month and beyond market expectations…

Macroeconomic Review Nigeria’s GDP- The Silver Lining? The Africa’s largest economy posted a real gross domestic product of N21.04 trillion, depicting 3.52% growth for Q4 and 3.10% growth for 2022,…

Macroeconomic Review Nigeria’s inflation – About time for “law of gravity”? After the sustained increase in Nigeria’s inflation for the most part of 2022, Dec’2022 inflation turned out to be…

Macroeconomic Review Inflation continues to blow hot in the Nigerian Economy, dampens yuletide celebrations Nigeria’s inflation for November 2022 quickened to 21.47% Y-o-Y (Est. +21.30%), an increase of c.0.38% from…

Macroeconomic Review Q3:2022 growth numbers for Nigeria and sustained hawkish CBN amid mounting inflationary pressures The Nigerian economy grew by 2.25% Y-o-Y (Est. 2.90%) in the third quarter of 2022…

Macroeconomic Review Nigeria’s CPI hits new 17-year High of 20.77% in September The Nigerian Bureau of Statistics (NBS) reported headline inflation for the month of September 2022 at 20.77%, the…

Macroeconomic Review CBN hikes benchmark interest rate to 15.50% as inflation accelerates to 20.52% in August At the penultimate Monetary Policy Committee (MPC) meeting for 2022, the Committee voted unanimously…

Macroeconomic Review Nigerian Economy Grew Faster than expected in Q2 2022 while CPI Soared to a high of 19.64% in July Nigeria’s Real Gross Domestic Product (GDP) reportedly grew by…

Macroeconomic Review Heated Interest Rate Environment as Global Central Banks tackle Inflationary Pressures. The start of H2 2022 has seen no respite in global macroeconomic conditions, as the world economy…

Macroeconomic Review Inflationary Pressures Mount as Nigeria’s CPI Hits 15.92% Y-o-Y Nigeria’s inflation rate accelerated to 15.92% in March 2022 (12bps higher than Bloomberg’s consensus estimate), representing a 22bps increase…