July 18, 2016/Uber Charging to drive someone around Lagos was chiefly a cash-in-hand job before Uber (www.Uber.com) launched in Nigeria two years ago. To this day, the rest of the transport industry remains largely informal, with no clarity on how much money is made and only negligible tax contributions to […]
Updates
June 2016 Inflation Soars by 90bps to hit 16.5%
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 […]
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 […]
