In the first three quarters of 2021, Nigeria’s GDP has expanded by 0.51%, 4.01% and 4.03% respectively, as the country returned to normalcy with regards to business operations and economic activities. However, it is important to note that while the growth numbers are commendable, Nigeria is dealing with a low base, indicating that growth is …
The Anchoria Money Market Fund delivered a Gross Return of 6.90% (5.90% net of charges), surpassing its benchmark by c.383bps in April. System liquidity contracted during the month, considering the absence of coupon payments and maturity proceeds. As such, the Open repo and Overnight rates rose by 7.75% and 7.50% from 4.50% and 5.00% to …
Nigeria’s headline inflation rate continued its upward trajectory in April, rising by 0.90% to 16.82% Y-o-Y. In the same vein, food and core inflation rose to historical highs, settling at 18.37% Y-o-Y and 14.18% respectively. On a month-on-month basis, however, headline inflation increased by modest 2bps from 1.74% to 1.76%. Click the link below read …
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