July 18, 2016/Cordros Research The National Bureau of Statistics (NBS) just published June 2016 headline inflation at 16.5%. The y/y increase was driven largely by imported goods, prices of energy and related items, especially electricity and liquid/solid fuels. Food inflation rose by 15.3% y/y and 1.4% m/m. The primary drivers […]
Updates
CBN Finally Frees The Naira, Funds Forward Contracts
18/7/2016/Thisday Following the pressure mounted by the financial markets and analysts on the Central Bank of Nigeria (CBN) to allow the naira to be truly market determined so as to attract offshore investors who have continued to remain on the sidelines, the CBN has finally freed the nation’s currency so […]
SEC determined to raise market participation – Gwarzo
17/7/2016/SEC The Securities and Exchange Commission (SEC) has expressed its determination to raise the participation of retail investors in the Nigerian Capital market as that is one of the critical ways of deepening the market. Director General of SEC, Mounir Gwarzo stated this when the Management of the Commission visited the […]
