Anchoria Mutual Funds Prices

September 28th, 2023:    Anchoria Equity Fund: BID/ OFFER: 181.2096/183.6426    Anchoria Fixed Income Fund: BID/ OFFER: 1.2768/1.2768|    Anchoria Money Market Fund: BID/ OFFER: 100/ 100 (9.6100% Yield)

Macro-Economic Report

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%.