September 15, 2023/Cordros Update Nigeria’s headline inflation increased further by 172bps to 25.80% y/y in August (July: 24.08% y/y). The outturn is 10bps and 80bps higher than Cordros’ estimate (25.70% y/y) and Bloomberg’s median consensus estimate (25.00% y/y). Similarly, on a month-on-month basis, headline inflation rose by 29bps to 3.18% […]

The funding complements $600 million in co-financing under the Korea-Africa Energy Investment Framework, agreed with the Korean government in 2021 September 14, 2023/AfDB The African Development Bank and the Government of Korea on Wednesday signed two agreements for financial support to boost Africa’s development agenda. The value of the financing […]

September 14, 2023/NGX Nigerian Exchange Group Plc and its subsidiaries deeply mourn the loss of one of its founding fathers, Pa Akintola Williams, CFR, CBE, FCA, who died on Monday at the remarkable age of 104. Pa Williams was instrumental in establishing the Nigerian Stock Exchange (NSE), now Nigerian Exchange […]