June 18, 2021/Proshare by FBNQuest Research The latest national accounts show that the agriculture sector grew by 2.3% y/y in Q1 ’21, compared with 3.4% the previous quarter. Crop production accounted for 88% of agriculture GDP, and expanded by 2.3% y/y. We also note that the forestry, livestock and […]
OPINION/EDITORIAL
System Liquidity in Deficit on Persistent CRR Debits
June 18, 2021/CSL Research Based on financial data from the Central Bank of Nigeria (CBN), the total system liquidity in the economy remains in deficit, averaging N64.1bn over the last month. The tightened system liquidity can closely be linked to; the persistent CRR debits by the CBN, excess of […]
Inflation to maintain descent albeit risks abound
June 16, 2021/CSL Research Inflation moderates for the second consecutive month mainly due to base effect In line with our expectation, CPI data released by the National Bureau of Statistics (NBS) for May 2021 showed that headline inflation moderated by 20bps to 17.9%, the second consecutive month of decline. The moderation […]
