September 18, 2024/CSL Research Earlier this month, suspected Boko Haram terrorists were reported to have killed dozens of people in an attack on a village in Yobe State, Nigeria. According to Yobe State police spokesman Dungus Abdulkarim, around 150 heavily armed militants, carrying rifles and rocket-propelled grenades (RPGs), launched an […]
Updates
Coronation Fixed Income and Exchange Rate Update
September 18, 2024/Coronation Research Summary Open market liquidity was reported at -N503bn on Friday (13, Sept ‘24). Call, overnight, and repo rates closed within the range of 7% – 31.7% as rates in the market moderated. Last week, the average NTB yield increased by +62bps to close at 20.3% w/w. […]
August-2024 Inflation Note: Headline Inflation Rate Eases Further
September 18, 2024/United Capital Extracts from August-2024 Consumer Price Index (CPI) report released by the National Bureau of Statistics (NBS) revealed that the Nigeria’s headline inflation printed at 32.15% on a year-on-year (y/y) basis, indicating a 125bps decline from 33.40% y/y recorded in July 2024. Looking from a month-on-month viewpoint, […]
