8/12/2016/AfDB The 11th African Economic Conference (AEC) wound up in Abuja, Nigeria on Wednesday, after three days of intensive discussions on how African countries can achieve agro-allied industrialization. Over 300 participants attended the annual event, co-organized by the African Development Bank (AfDB), UN Economic Commission for Africa (ECA) and United […]
Updates
November Inflation Rate to Increase Further to 18.45%
Culled—Proshare December 8, 2016/FSDH Research We expect the November 2016 inflation rate (year-on-year) to increase further to 18.45% from 18.33% recorded in the month of October 2016. The expected increase in the inflation rate will be driven by higher prices within the Food and Non-Alcoholic Beverages division, as well as […]
Gross Official Reserves Picked Up by US$820m in November 2016
Culled—Proshare December 8, 2016/FBNQuest Research CBN data show that gross official reserves picked up by US$820m in November on a 30-day moving average basis to US$24.8bn. The monthly average movement has been an outflow of US$430m over the past 12 months. This first sizeable increase since July 2015, when the […]
