March 1, 2024/CSL Research Money Supply statistics from the Central Bank of Nigeria (CBN) as of January 2024 revealed that currency in circulation (CIC) surged by 163% in January 2024 to N3.651trn from N1.39trn (January 2023). Month-on-month, there was a marginal 0.1% decline from the historical high of N3.653trn in […]

February 29, 2024/Cordros Report According to the recently released GDP report by the Nigerian Bureau of Statistics (NBS), the domestic economy maintained its growth trajectory for the third consecutive quarter as real GDP grew by 3.46% y/y in Q4-23 (Q3-23: +2.54% y/y). The growth outturn is 72bps higher than Cordros’ […]

February 29, 2024/Coronation Research At its latest meeting held on Tuesday, the CBN/MPC responded to the country’s soaring inflation rate and escalating exchange rate pressures by opting to hike the monetary policy rate (MPR) by a substantial +400bps to 22.75%, marking the highest level recorded since 2006. Additionally, there were […]