April 27, 2021/ADVANS La Feyette Microfinance Bank Inflation generally refers to a rapid increase in the general price of goods and services in the country over a certain period of time. Inflation in Nigeria has doubled since 2016 reaching 17.33% in 2021. The current Covid-19 pandemic has contributed immensely to […]
OPINION/EDITORIAL
March 2021 Inflation Flash: Headline inflation surges to 50-month high
April 27, 2021/United Capital Research Earlier today, the National Bureau of Statistics (NBS) released the inflation figures for March-2021. Notably, the headline rate rose for the 19th consecutive month, from 17.33% y/y in Feb-2021 to 18.17% y/y, exceeding our forecast of 18.1%. In addition, headline inflation rate ticked upwards by […]
Gross Loans Trend Higher Amidst Improving Asset Quality
April 27, 2021/United Capital Research Earlier, the National Bureau of Statistics released the Selected Banking Data Report for Q4-2020. In the report, banking sector Gross loans reportedly grew 16.6% y/y as well as 5.3% q/q to N20.5tn. Similarly, absolute Non-Performing Loans (NPLs) rose 16.0% y/y and 5.5% q/q to N1.2tn […]
