June 15, 2022/US Federal Reserve Overall economic activity appears to have picked up after edging down in the first quarter. Job gains have been robust in recent months, and the unemployment rate has remained low. Inflation remains elevated, reflecting supply and demand imbalances related to the pandemic, higher energy prices, […]
Updates
REDTV Emerges Best Online TV of the Year
June 15, 2022/RedTV REDTV, Africa’s leading lifestyle entertainment online network, powered by Africa’s global Bank, the United Bank for Africa (UBA) has been announced as the winner of Online TV of the Year at the prestigious 2022 edition of the GAGE Awards which was held over the weekend in Lagos, […]
Rapid Response: Headline Inflation Rises by 89bps to 17.71% y/y in May
June 15, 2022/Cordros Update Nigeria’s headline inflation increased by 89bps in May to 17.71% y/y (April: 16.82% y/y) – the highest since June 2021 (17.75% y/y). The outturn is 15bps higher than Cordros’ estimate (17.56% y/y) and 21bps higher than Bloomberg’s median consensus estimate (17.50% y/y). On a month-on-month basis, […]
