Monthly Financial Market Update – August 2022
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 3.54% Y-o-Y in the second quarter of the year (beating the Bloomberg…
Monthly Financial Market Update – July 2022
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 reels from the effect of the pandemic and…
Monthly Financial Market Update – April 2022
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 from 15.70% recorded in…
Monthly Financial Market Update – February 2022
Macroeconomic Review Sustained Growth in the Nigerian Economy, with Q4 2021 GDP at 3.98% year-on-year The Nigerian economy sustained its positive growth trajectory for the fifth consecutive quarter since the recession in 2020 as the economy recorded a…
Monthly Financial Market Update – January 2022
Macroeconomic Review Nigeria’s Consumer Price Index… Festivities Drive Increase in Price Levels In December, the Consumer Price Index (CPI) expanded 15.63% Y-o-Y, a 0.23% increase from 15.40% recorded in November 2021. The composite food inflation grew…
Monthly Financial Market Update – November 2021
Macroeconomic Review Sustained Growth in the Nigerian Economy, with Q3 2021 GDP at 4.03% year-on-year Nigeria sustained its growth trajectory for the fourth consecutive quarter, as the economy recorded a real growth rate of 4.03% year-on-year in Q3 2021.…
Monthly Financial Market Update – October 2021
Macroeconomic Review Global Crude Oil Prices Soar on Energy Supply Concerns and OPEC+ Decision International benchmark Brent crude prices soared through October, just as industries began to recover fully from the effects of the last year’s demand dip…
Monthly Financial Market Update – September 2021
Macroeconomic Review Foreign Reserve rise to 18-Month High Nigeria’s foreign reserves rose to its highest in 19 months, growing by ca US$2.58bn in September to US$36.60bn. The expansion can closely be tied to a sustained increase in global crude oil…
Monthly Financial Market Update – August 2021
Macroeconomic Review: Nigeria’s GDP expands 5.01% Y-o-Y in Q2:2021… Highest Rate since 2014 Nigeria’s Real gross domestic product (GDP) increased by 5.01% in Q2:2021, reflecting the third consecutive quarter of growth, supported by the gradual return of…
Monthly Financial Market Update – July 2021
Macroeconomic Review: External Reserves Rise as Oil Prices Remain on the Uptrend Global crude oil prices maintained an upward trajectory in July, with Brent crude gaining ca +1.60% M-o-M to trade at $76.33pb while West Texas Intermediate crude (WTI) also…
