April 16, 2024/United Capital Research The March 2024 Consumer Price Index (CPI) report released by the National Bureau of Statistics (NBS) revealed that headline inflation printed at 33.20% y/y compared to its 31.70% y/y print in Feb-2024. This indicates a 150bps climb in the general prices of goods and services […]
Updates
Coronation Fixed Income and Exchange Rate (CFEX) Update
April 16, 2024/Coronation Research Summary Opening market liquidity was reported at N67.4bn on Friday (12, April 2024). Call, overnight, and repo rates closed within the range of 6% – 30% as rates in the money market tightened. Last week, the average NTB yield remained unchanged to close at 18.9% w/w. […]
Amidst Tightening Monetary Policy, Nigeria’s Inflation Soars to 33.20% As Botswana’s Rate Plummets to 2.9%
April 16, 2024 By Kelechukwu Mgboji InvestAdvocate Lagos (INVESTADVOCATE)-Nigeria’s headline inflation rate surged by 150 basis points in March, reaching a staggering 33.20% year-on-year, up from February’s 31.70%, as reported by the country’s statistics office, National Bureau of Statistics (NBS) Just a year ago, in April 2023, consumer inflation stood […]
