November 15, 2023/Futureview Research Headline Inflation In the latest macroeconomic update for October 2023, the headline inflation rate demonstrated a significant upward trajectory, surging to 27.33%. This marked a distinct increase of 0.61% points compared to the preceding month, September 2023, when the rate stood at 26.72%. This monthly movement […]
Updates
Coronation Fixed Income and Exchange Rate (CFEX) Update
November 15, 2023/Coronation Research Summary Opening market liquidity was reported at -N91.5bn on Friday (10 November ‘23). Call, overnight, and repo rates closed within a range of 4% – 18% as rates in the money market tightened. This week, we expect money market rates to remain elevated largely due to […]
CBN to Allow Old Design Naira Banknotes as Legal Tender, Ad Infinitum
November 15, 2023/CBN Please recall that the Central Bank of Nigeria introduced the redesign of N200, N500 and N1,000 denominations in October 2022 and certain deadlines were set for the old design of these denominations to cease as legal tenders. Without prejudice, the Central Bank of Nigeria wishes to inform […]
