Culled—Proshare November 21, 2016/Arthur Steven Asset Mgt Access Bank Plc is in the process of launching a Commercial Paper (“CP”) Issuance of up to N100 Billion across three tenors – a (i) a 90-day CP (“Series I”), (ii) a 180-day CP (“Series II”), and (iii) a 270-day CP (“Series III”) (collectively […]
Updates
Rapid Response: Nigeria Records -2.24% Real GDP Growth in Q3-2016
November 21, 2016/Cordros Research The National Bureau of Statistics (NBS) just released Nigeria’s Q3-2016 GDP growth estimate. Real GDP growth came in at historic negative of 2.24% (the biggest since -7.59% recorded in Q1-2004), 19bps higher than Bloomberg’s compiled median estimate of 2.05%. This marks the first three consecutive negative […]
Rising Inflation Rate – Will MPC Change Stance?
Culled–Proshare November 21, 2016/FSDH Research We expect the Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) to hold rates when it meets on November 21-22, 2016. The choice between stimulating economic growth and curtailing inflationary pressure will dominate the MPC meeting. The stability in the value of […]
