February 18, 2025/Cordros Update Based on the rebased CPI data by the NBS, Nigeria’s headline inflation settled at 24.48% y/y in January 2025. The updated CPI covers 934 product varieties classified into 13 divisions under the COICOP 2018 framework. Under the new methodology, 2023 was adopted as the weight reference […]
Updates
NNPCL Imports Over 200 Million Litres of Petrol in February Despite Refinery Overhaul
February 18, 2025/Dangote Group A confidential report exclusively obtained by Nairametrics from a reliable source tracking the movements of motor tanker vessels, which monitors cargo tanks entering the country, revealed that the Nigeria National Petroleum Company Limited (NNPCL) has imported 159,000 metric tons of Premium Motor Spirit (also known as […]
Coronation Fixed Income and Exchange Rate Update
February 18, 2025/Coronation Research Summary Market liquidity remained tight throughout the week, closing negative for the second consecutive week at -N3.10trn (14th February ’25), from -N315.94bn in the prior week. The Open Repo Rate (OPR) and Overnight Rate (O/N) closed higher at 32.45% and 32.80% respectively, as outflows from OMO […]
