January 15, 2025/Cordros Report Nigeria’s headline inflation rose by 20bps to 34.80% y/y in December (November: 34.60% y/y). The increase was primarily attributed to the higher core prices despite a moderation in food inflation. The figure is 11bps lower than Cordros’ estimate (34.91% y/y). Meanwhile, on a month-on-month basis, headline inflation eased […]
Updates
CBN Data Shows Nigeria’s Current Account Surplus of US$6.1bn in Q3 2024
January 14, 2024/FBNQuest Research The Central Bank of Nigeria (CBN) data on Nigeria’s Balance of Payments (BoP) shows that Nigeria’s current account (CA) produced a net surplus of US$6.1bn in Q3 2024, up from a revised net surplus of US$3.9bn in Q2 2024 and US$1.5bn in the corresponding quarter of […]
Coronation Fixed Income and Exchange Rate Update
January 14, 2025/Coronation Update Summary System liquidity was positive for the third consecutive week at N346.96bn (10 Jan ’25). Call, overnight and repo rates closed within a range of 7.63 – 27.86%. We expect interbank rates to tighten as outflows from upcoming swap maturities and CRR debits exceeds inflows from […]
