The Monetary Policy Committee (MPC) concluded the second meeting for the year on the 21st of March 2022 and decided to hold all policy parameters positions. Specifically, the committee: Held the Monetary Policy Rate (MPR)…
The National Bureau of Statistics (NBS) released the inflation data for the month of February 2022, which showed Nigeria’s inflation rate expanded to 15.70% YoY (by +10bps from 15.60% recorded in January 2022). We attribute…
Nigeria GDP – Fifth Consecutive Quarter of Growth Since Last Recession The Nigeria Bureau of Statistics recently released GDP results for the fourth quarter of 2021, revealing that the economy grew by 3.98% YoY (5bps…
The National Bureau of Statistics (NBS) released the inflation data for the month of January 2022, which showed Nigeria’s inflation rate reversed its direction, dropped slightly to 15.60% YoY (by +3bps from 15.63% recorded in…