Other News

Nigeria’s Inflation Rise 29.90% in January 2024 from 28.92% in December 2023

February 15, 2024/InvestmentOne Update Headline inflation rate rose to 29.90% y/y in January 2024 (28.92% y/y in December 2023). Food inflation rate increased by 35.41% y/y in January 2024 ( 33.93% y/y in December 2023). Core inflation rate advanced to 23.59% y/y in January 2024 (23.06% y/y in December 2023).

Trends in the FX Market

February 15, 2024/FBNQuest Research Significant volatility has trailed FX trades following the recent measures by the Central Bank of Nigeria (CBN) to promote forex supply. For instance, FX turnover reported by FMDQ has risen by +666.3% ytd. However, compared to the previous trading day, turnover declined by about -6910bps to […]

SEC Proposes Rule to Update Definition of Qualifying Venture Capital Funds

Proposal would inflation adjust the dollar threshold to be considered a qualifying venture capital fund February 14, 2024/US SEC The Securities and Exchange Commission today proposed a rule that would update the dollar threshold for a fund to qualify as a “qualifying venture capital fund” for purposes of the Investment […]