August 17, 2020/Cowry Asset The Consumer Price Index (CPI) report released by the National Bureau of Statistics (NBS) showed that annual inflation rate maintained its upward trend as it rose further to 12.82% in the month of July (higher than 12.56% in June) in line with our expectations. Click here […]

August 17, 2020/Cordros Report Nigeria’s headline inflation maintained its upward trend, as it expanded by 26bps in July 2020 to 12.82% y/y (June: 12.56% y/y), the highest since level since March 2018. Relative to Cordros’ estimate (12.74%), the outturn is 8bps higher due to a negative surprise from food inflation. […]

August 14, 2020/Cowry Asset Report Freshly released Q2 2020 labour force statistics by National Bureau of Statistics (NBS) showed that Nigeria’s labour force dropped to 80.29 million in Q2 2020 (11.25% down from 90.47 million in Q3 2018). Further breakdown of the data showed that, unemployment rate rose to 27.1% […]