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 transactions from all registered financial institutions in Nigeria. The total value of capital imported in Q1 ‘22 was estimated at USD1.6bn, representing a decline of …

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 the MPR at +100 / -700 basis point. Retain CRR at 27.5% Retain liquidity ratio at 30%. The MPC noted that the available data on …

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. Retain CRR at 27.5% Retain liquidity ratio at 30%. The MPC noted the relatively healthy GDP growth posted in Q3 ’21, as well as improving …

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 headline reading declined by 59bps (when compared with the previous month) to 15.40% y/y. On a monthon-month basis, headline inflation increased by 1.1% in November …

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 headline reading declined by 64bps (when compared with the previous month) to 15.99% y/y. Food inflation also recorded a decline (of 123bps). The highest increases …