October 15, 2021/Cordros Report In line with our expectation, Nigeria’s headline inflation decelerated for the sixth consecutive month to 16.63% y/y in September 2021 (August: 17.01% y/y). The outturn is 14bps higher than Cordros’ estimate (16.49% y/y) with the largest deviation stemming from the food basket. On a month-on-month basis, […]

October 15, 2021/Coronation Report The NBS has released its September inflation report to show – Headline rate 16.63% y/y (17.01% in August): Core rate 13.74% y/y (13.41%); and Food rate 19.57% y/y (20.30%).      September’s headline reading declined by 38bps (when compared with the previous month) to 16.63% y/y. […]

October 14. 2021/United Capital Research In Q3-2021, global recovery was largely premised on improving vaccinations rates, expansionary fiscal and accommodative monetary policy adopted by major central banks. Also, the gradual reopening of economies has sparked growth sentiments. The IMF stated it anticipates the global economy to grow by 5.9% in 2022. Unsurprisingly, […]