August 15, 2022/Cordros Update Nigeria’s headline inflation rose by 105bps in July to 19.64% y/y (June: 18.60% y/y) – the highest print since September 2005 (24.32% y/y). The outturn is 2bps shy of Cordros’ estimate (19.66% y/y) and 24bps higher than Bloomberg’s median consensus estimate (19.40% y/y). On a month-on-month […]
Updates
Inflation Report – July 2022
August 15, 2022/Coronation Flashnote The NBS has released its June inflation report to show – Headline rate 19.84% y/y (18.60% in June); Core rate 16.26% y/y (15.75%); and Food rate 22.02% y/y (20.60%). July’s headline reading increased by 104bps (when compared with the previous month) to 19.64% y/y. […]
United Capital Research Investment Views This Week 15th August 2022 to 19th August 2022
August 15, 2022/United Capital Research Macro Highlight and Outlook According to the World Bank and the Budget office of the Federation, remittances to Nigeria were estimated at $60.22bn from 2019-2021. The figures were disclosed in the 2023-2025 Medium Term Expenditure Framework and Fiscal Strategy Paper (MTEF/FSP). Notably, the World Bank […]
