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 […]

February 29, 2024/Fitch Ratings Rated African banking groups have mixed, but in most cases limited, exposure to geopolitical and macroeconomic risks in west Africa stemming from Burkina Faso, Mali and Niger’s intention to leave the Economic Community of West African States (ECOWAS), Fitch Ratings says. Fitch rates five banking groups […]