June 16, 2025/Cordros Update Based on the CPI data from the National Bureau of Statistics (NBS), Nigeria’s headline inflation eased by 74bps to 22.97% y/y in May (April: 23.71% y/y). On a month-on-month basis, consumer prices moderated to 1.53% (April: 1.86% m/m). Food inflation moderated by 12bps to 21.14% y/y in May (April: 21.26% […]
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Inflation Rises by 23.0% Year-on-Year in May
June 16, 2025/CSL Research Recently released data from the National Bureau of Statistics (NBS) showed that Nigeria’s headline inflation eased slightly to 23.0% year-on-year (y/y) in May, down from 23.7% in April. Similarly, core and food inflation moderated to 22.3% and 21.1% y/y respectively in May, compared to 23.4% and […]
NGXASI Dips -0.15% on Selloffs in Banking Stocks
June 16, 2025/InvestmentOne Report The NGXASI declined by 0.15% today to close at 115,258.77pts, as the selloff in banking stocks including ACCESSCORP (-8.28%), ZENITHBANK (-6.37%) and UBA (-5.67%) drove the local bourse into the red terrain. In the fixed income space, the Treasury Bills secondary market traded on a positive note, […]
