August 15, 2024/Cordros Report Headline inflation eased for the first time since December 2022, primarily supported by the high statistical base from last year’s corresponding period. Precisely, the National Bureau of Statistics (NBS) reported that Nigeria’s headline inflation eased by 80bps to 33.40% y/y in July 2024 (June: 34.19% y/y). […]
Updates
Equatorial Guinea, Nigeria Sign Gulf of Guinea Gas Pipeline Agreement, Signaling New Era of Bilateral Cooperation
The pipeline will transport natural gas from Nigeria to Equatorial Guinea for processing, further solidifying the country’s position as a regional gas hub August 15, 2024/AEC In a move set to strengthen bilateral cooperation in West Africa, Equatorial Guinea and Nigeria have signed an agreement for the construction of the […]
Headline Inflation Eased by 80bps to 33.40% Y/Y in July 2024
August 15, 2024/Cordros Update Nigeria’s headline inflation slowed for the first time since December 2022 (-12bps to 21.34% y/y), settling at 33.40% y/y in July 2024 (June: 34.19% y/y). The outturn is 13ps and 10bps higher than Cordros’ (33.27% y/y) and Bloomberg’s median consensus (33.30%) estimates, respectively. On a month-on-month […]
