January 17, 2022/Cordros Update Nigeria’s headline inflation snapped an eighth consecutive month of moderation, as it expanded by 23bps in December 2021 to 15.63% y/y (November 2021: 15.40% y/y). The outturn is 83bps higher than Cordros and Bloomberg’s median consensus estimate (14.8% y/y). Month-on-Month, headline inflation rose by 74bps to 1.82% […]
Updates
UPDATE: Nigeria’s Finance Act 2021 – Top 10 Changes
January 14, 2022/PwC The 2021 Finance Bill was signed into law by the Nigerian President on 31 December 2021 and takes effect from 1 January 2022. Below are the top 10 changes: Top 10 Changes: Capital gains tax at 10% is chargeable on the disposal of shares worth N100m or […]
Federal Reserve Board announces Reserve Bank income and expense data and transfers to the Treasury for 2021
January 14, 2022/US Federal Reserve The Federal Reserve Board on Friday announced preliminary financial information indicating that the Reserve Banks had estimated net income of $107.8 billion during 2021, of which $107.4 billion was remitted to the U.S. Treasury as required under the Federal Reserve Act. The Federal Reserve Act […]
