August 15, 2023/Cordros Report Headline inflation remains elevated in July as the haunting currency devaluation, higher PMS prices, and food shortages continue to pressure consumer prices. Accordingly, the Consumer Price Index (CPI) data reported by the National Bureau of Statistics (NBS) revealed that consumer prices increased by 129bps to 24.08% y/y […]
OPINION/EDITORIAL
Oil Prices Under Pressure As China’s Economic Woes Worsen
August 15, 2023/Oilprice.com Disappointing economic data out of China weighed on oil prices on Tuesday morning, with markets unsure if current government intervention is enough to rejuvenate the country’s economy. Chart of the Week – In the three months since Nigeria’s President Bola Tinubu scrapped the country’s $10 billion fuel […]
The Markets in Review: Savings Rates Moving Up?
August 15, 2023/Coronation Research Last week was a stormy one for Nigeria’s financial markets, with extreme weakness in the parallel exchange rate of the Naira, the publication of the CBN’s audited accounts for the first time in several years (accompanied by reports of collateralised lending against the nation’s reserves), a […]
