November 16, 2022/United Capital Research Last week, the National Bureau of Statistics (NBS) released the Q2-2022 Gross Domestic Product (GDP) report calculated via the Expenditure and Income approach. According to the data, economic growth expanded by 3.5% y/y in Q2-2022 compared to 3.1% growth recorded in Q1-2022. The household consumption […]
OPINION/EDITORIAL
CBN & EFCC Intervention Halts Naira’s Slump…but for Now
November 15, 2022/United Capital Research In the aftermath of the CBN’s announcement on the redesign of the N200, N500, and N1,000 notes to take control of the volume of currency in circulation, the parallel market segment was met with extended pressure. Based on initial reaction, it was suspected that huge […]
Currency Redesign Update: Circulation Up +0.56% M-o-M to N3.23Trillion in September 2022
November 15, 2022/CSL Research The Central Bank of Nigeria (CBN) in a recent press release noted that there has been positive response from the public to the naira redesign agenda through increased currency deposits across banks and other financial institutions. The CBN reiterated its commitment to the seamless implementation of […]
