May’s headline inflation increased by +26bps (when compared with the previous month) to 34% y/y. Meanwhile, on a month-on-month basis, headline inflation eased by -15bps to 2.1% from 2.3% recorded
The dialogue reaffirmed the CBN’s dedication to rectifying distortions within the foreign exchange market. We understand that a payment of USD400m has recently been made towards the outstanding FX backlog
In assuming his role as CBN governor months ago, the fx backlog was c.USD7bn. However, after engaging one of the “the Big Four accounting and consulting firms”, to conduct a
The National Bureau of Statistics (NBS) has released its latest report on capital importation for Q1 ’22. The data was obtained from the CBN and compiled using information on banking
Dear All, Ten (10) members of the committee were in attendance. Decision (unanimous) Six out of the 11 members voted to; Retain MPR at 13.0% Retain the asymmetric corridor of
Dear All, Ten (10) members of the committee were in attendance. Decision (unanimous) Retain MPR at 11.5% Retain the asymmetric corridor of the MPR at +100 / -700 basis point.
The NBS has released its November inflation report to show – Headline rate 15.40% y/y (15.99% in October): Core rate 13.85% y/y (13.24%); and Food rate 17.21% y/y (18.34%). November’s
The NBS has released its October inflation report to show – Headline rate 15.99% y/y (16.63% in September): Core rate 13.24% y/y (13.74%); and Food rate 18.34% y/y (19.57%). October’s
