Inflation in Nigeria is on the rise and hit a 17-year record high, with the Consumer Price Index (CPI) increasing by 21.91% year-on-year. This was higher than the previous month’s print of 21.82% and slightly lower than our expectation of 22.14%.
View the 2022 earnings snapshot for the publicly released corporate results through the link below
View the 2022 earnings snapshot for the publicly released corporate results through the link below
View the 2022 earnings snapshot for the publicly released corporate results through the link below
View the half year 2022 earnings snapshot for the publicly released corporate results through the link below
Higher inflation typically lowers peoples’ purchasing power, meaning you buy fewer quantity of goods and services because your money has lost some real value. For instance, the NGN100,000 in your bank account is now worth NGN81,400 in real terms, resulting in a loss of NGN18,600 in purchasing power. It appears inflationary pressures are unrelentless, as …
The CBN’s Monetary Policy Committee (MPC) concluded its fourth meeting of the year yesterday July 19th, 2022. In a not so surprising turn of events, the benchmark interest rate was increased by 1.00% to 14.00%, following a decision by eleven members of the committee to hike rates. This decision came after a 1.50% rate hike …
The Anchoria Fixed Income bench marked on the 3-year bond returned 5.76%, higher than its benchmark return of 89bps for the period in review. In the secondary market for Treasury Bonds, investors continued exiting their positions in anticipation of higher yields. Even with the pockets of buying pressures at the mid end of the curve, …
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