Anchoria Mutual Funds Prices

February 23rd,    Anchoria Equity Fund: BID/ OFFER: 227.1058/229.5106    Anchoria Fixed Income Fund: BID/ OFFER: 1.2134/1.2134|    Anchoria Money Market Fund: BID/ OFFER: 100/ 100 (11.18% 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%.