July 20, 2021/Coronation Research Last week, the National Bureau of Statistics (NBS) Consumer Price Index (CPI) report for June 2021 showed a moderate decline in the headline inflation to 17.75% from 17.93% recorded in May 2021. We attribute the slowdown to the effect of the high base from the previous […]
OPINION/EDITORIAL
Another Gentle Slowdown in Inflation in June 2021
July 19, 2021/Proshare by FBNQuest Research The June report from the NBS shows a third successive decline in headline inflation, to 17.75% y/y from 17.93% the previous month. Our expectation, shared with the newswires, was a slightly higher rate of 17.85%. Base effects have turned favourable and should remain so […]
Attaining Self-Sufficiency in Sugar Production
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 […]
