October 25, 2024/CBN The attention of the Central Bank of Nigeria (CBN) has been drawn to discussions at different fora suggesting that the old series of the N200, N500, and N1,000 banknotes shall cease to be legal tender on December 31, 2024. We wish to state categorically that such claims […]

October 15, 2024/Cordros Update Nigeria’s headline inflation advanced by 55bps to 32.70% y/y in September (August: 32.15% y/y). The outturn is 30bps higher than Cordros’ (32.40% y/y) and Bloomberg’s median consensus (32.40%) estimates. On a month-on-month basis, headline inflation increased by 30bps to 2.52% (August: 2.22% m/m). Food inflation increased […]

October 9, 2024/NBS In Q2 2024, total capital importation into Nigeria stood at US$2,604.50 million, higher than US$1,030.21 million recorded in Q2 2023, indicating an increase of 152.81%. In comparison to the preceding quarter, capital importation declined by 22.85% from US$3,376.01 million in Q1 2024. • Portfolio Investment ranked top […]