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 […]
Updates
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 […]
FG proposes jail term for dollar hoarders
Culled—Punch Oyetunji Abioye with agency report The Federal Government has proposed an amendment to the Foreign-Exchange Act to enable the imprisonment of anyone who holds foreign currencies, especially the dollar, for more than 30 days. This is the latest measure the government and the Central Bank of Nigeria are considering […]
