July 19, 2021/CSL Research Last week, the Central Bank of Nigeria (CBN) issued a circular stating that only three sugar refining companies, with considerable progress in achieving an agreed backward integration plan will be allowed to source FX from the official window to import sugar into the country. These companies […]
OPINION/EDITORIAL
Foreign Exchange Inflows still below Pre-COVID Levels – FBNQuest
July 16, 2021/Hill+Knowlton Strategies FBNQuest Research According to the Central Bank of Nigeria’s latest Quarterly Statistical Bulletin for Quarter 4, 2020, total Foreign Exhange (FX) inflows into the Nigerian economy declined by -6.4% q/q (-42% y/y) to USD24.8bn. Although aggregate inflows have increased since they bottomed out to a 3-year […]
Nigeria June 2021 CPI: Headline Inflation to Sustain Deceleration over the Short Term
July 16, 2021/Cordros Report In line with our expectation of the impact of favourable base effects on consumer prices, recently released data from the National Bureau of Statistics (NBS) showed that the headline inflation moderated for the third consecutive month to 17.75% y/y – suggesting that the inflation rate for […]
