23/5/2017/Cordros Research At the end of its 256th meeting (third this year), the Central Bank of Nigeria’s (CBN) Monetary Policy Committee (MPC) voted unanimously to maintain status quo by retaining the:   Monetary Policy Rate (MPR) at 14.0%; Asymmetric corridor around the MPR at +200/-500bps; Cash Reserves Ratio (CRR) at 22.5%; […]

May 23, 2017/Cordros Research The National Bureau of Statistics (NBS) just released Nigeria’s Q1-2017 GDP growth estimate. Real GDP contracted by 0.52% y/y, 77 bps lower than Bloomberg’s compiled median estimate of 0.25%, further extending the country’s recessionary trend. A quick look at the breakdown of the GDP figure shows […]

Culled—Proshare May 23, 2017/FBNQuest Research The African Economic Outlook 2017 charts a slow recovery in African growth from an estimated 2.2% in 2016 to 3.4% this year and 4.3% in 2018. The outlook, which was launched yesterday at the annual meetings of the African Development Bank (AfDB) in Ahmedabad, thoughtfully […]