Author: InvestAdvocate

Likely hit From Fed Tapering on the Financial Accounts

January 17, 2022/Proshare by FBNQuest Research  Today, we conclude our series on Nigeria’s balance of payments (Good Morning Nigeria, 11 & 12 Jan ’22) by turning our attention to the financial accounts. Our chart below shows that the financial account swung to a net surplus of USD2.6bn or 2.3% of GDP in Q3 […]

Modest Expansion in Private Sector Credit

January 17, 2022/CSL Research Based on the recent money and credit statistics by the CBN as of November 2021 showed a 2.0% m/m increased lending to the private sector, reaching another high of N35.3tn in November from N34.5tn as of October 2021. Yearly, private sector credit was also up by […]

Inflation Report – December 2021

January 17, 2022/Coronation Research The NBS has released its December inflation report to show – Headline rate 15.63% y/y (15.40% in November): Core rate 13.87% y/y (13.85%); and Food rate 17.37% y/y (17.21%).     December’s headline reading increased by 23bps (when compared with the previous month) to 15.63% y/y. […]