July 16, 2021/Cordros Update Nigeria’s headline inflation moderated by 18bps to 17.75% y/y in June 2021 (May: 17.93% y/y) – the third consecutive month of decline and the lowest since February 2021 (17.33% y/y). The outturn is 8bps lower than Cordros’ estimate (17.83% y/y) and 5bps less than Bloomberg’s median […]
Updates
Nigeria’s Inflation Moderates 17.75% in June 2021, 0.18% Lower than May 2021-NBS
July 16, 2021/NBS The consumer price index, (CPI) which measures inflation (rate of change in the increase in prices) increased by 17.75 percent (year-on-year) in June 2021. This is 0.18 percentage points lower than the rate recorded in May 2021 (17.93) percent. (This implies that prices continued to rise in […]
United Capital Weekly Pan African Monitor Friday 16th July 2021
July 16, 2021/United Capital Anglophone West Africa Nigeria Following unresolved differences between lawmakers on the equity share for the host oil communities, the Senate has finally passed the harmonised Petroleum Industry Bill (PIB). The harmonised bill is rumoured to have adopted the Senate’s recommendation of 3.0% equity stake for host […]
