December 2024/InvestmentOne Report The newly released Consumer Price Index (CPI) report by the National Bureau of Statistics (NBS) revealed that inflation continued its uptick in November 2024, after the brief slowdown seen in July and August 2024. Specifically, headline inflation rose by 72bps to 34.60% YoY, compared to what was […]
Updates
FirstBank Kicks off DecemberIssaVybe 2024 with Kenny Blaq’s Reckless Musicomedy
December 16, 2024/FirstBank of Nigeria By Bolaji Israel December marks a special time in Nigeria, a moment when people take a break from their hectic year to unwind, celebrate, and create lasting memories with loved ones. The month is filled with vibrant arts and entertainment, including plays, musical concerts, festivals, operas, […]
Headline Inflation Accelerates to 34.60% Y/Y in November
December 16, 2024/Cordros Report Nigeria’s headline inflation increased by 72bps to 34.60% y/y in November (October: 33.88% y/y). The outturn aligns with Cordros’ estimate (34.60% y/y) and 30bps higher than Bloomberg’s median consensus estimate (34.30% y/y). On a month-on-month basis, headline inflation was steady at 2.64% (October: 2.64% m/m). Food […]
