December 16, 2024/Cordros Report Nigeria’s headline inflation increased by 72bps to 34.60% y/y in November (October: 33.88% y/y). The outturn aligns with Cordros’ estimate (34.60% y/y) and 30bps higher than Bloomberg’s median consensus estimate (34.30% y/y). On a month-on-month basis, headline inflation was steady at 2.64% (October: 2.64% m/m). Food […]
Author: InvestAdvocate
Nigeria’s Inflation Accelerates 34.60% in November from 33.88% in October 2024
December 16, 2024/InvestmentOne Update Headline inflation rate rose to 34.60% y/y in November 2024 vs. 33.88% y/y in October 2024. Likewise, food inflation rate increased to 39.93% y/y in November 2024 vs. 39.16% y/y in October 2024. Elsewhere, core inflation rate edged higher to 28.75% y/y in November 2024 vs. […]
LFZC Series 9 & 10 Commercial Paper Issuance of Up to NGN 10.93Bn Still Open
December 16, 2024/FSDH Update The Lagos Free Zone Company (“Issuer” or the “Company”) Series 9 & 10 Commercial Paper Issuance (“CP” or the “Issuance”), under its N30 billion Commercial Paper Programme (the “Issue”) is still open. Lagos Free Zone Company is the licensee and operator of the Lagos Free Zone […]
