June 14, 2016/Cordros Research The National Bureau of Statistics (NBS) has just released May 2016 CPI/inflation data. Headline inflation, y/y, rose sharply to 15.6% (the highest since February 2010), from 13.7% in April. Month-on-month, prices increased by 2.8% in May vs. 1.6% in April. Food inflation rose 14.9% y/y (vs. […]
Updates
Naira drops to 367/dollar over forex policy panic
June 14, 2016/Punch By Oyetunji Abioye Uncertainty over the Central Bank of Nigeria’s planned exchange rate policy has continued to rattle the foreign exchange market. The local currency dropped against the United States dollar from 365 to 367 at the parallel market on Monday. The naira, which has been under […]
MasterCard Empowers Local Businesses with Big Data, Digital Tools
June 13, 2016/MasterCard Today MasterCard announced it is offering real-time, analytics-based market insights on revenue, market share, customer demographics and competitors to local merchants across Canada. Local Market Intelligence (LMI) offers insights on both a particular location and across multiple locations, regardless of the size of business. “The potential for businesses operating in […]
