December 15, 2020/Cordros Report According to this morning’s release from the National Bureau of Statistics, headline inflation rose by 66bps to 14.89% y/y in November 2020 – the highest level since January 2018 (15.13% y/y). On a month-on-month basis, consumer prices increased by 6bps to 1.60% – the highest level since […]
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Naira Strengthens +1.1% in Black Market Exchanges for N483.00/$1
The naira strengthened by 0.1% and 1.1% to NGN394.67/USD and NGN483.00/USD at the I&E window and parallel market, respectively. December 9, 2020/Cordros Report EQUITIES Negative sentiments persisted in the domestic equities market, as the NSE ASI fell by 4bps to 35,021.26 points. The All Share Index was dragged by profit-taking […]
IMF Weekend Read: Act Decisively , Act Together
December 4, 2020/IMF ACT DECISIVELY, ACT TOGETHER Positive news on vaccines shouldn’t invite complacency. Instead, countries need to act together and decisively on vaccine distribution, debt, and efforts toward a resilient and sustainable recovery, IMF Managing Director Kristalina Georgieva said Wednesday in a fireside chat with the Financial Times’ Martin […]
