Updates

December Inflation Rate Jumps to 15.75% amid Persistent Surge in Food Index

January 15, 2021/Cowry Asset Report The National Bureau of Statistics reported that the headline Inflation rate sustained its uptrend for the 16th consecutive month to 15.75% in December 2020 (from 14.89% printed in November). The increase in inflation rate was caused by continuing pressure on the food and non-food index. […]

The DMO Unveils Q1 2021 Borrowing Plans, Re-Introduces FGN 2027s Bond Paper

January 15, 2021/Proshare By Zedcrest Capital FGN Bonds The FGN Bonds market traded with mixed sentiments today, with some demand seen on the mid-end of the curve (2027s -2029s) while the long end of the curve remained firmly bearish. Notably, the 2049s bond broke the 9.00% resistance during the trading […]