Inflation sustains uptrend; prints 15.75% y/y in December 2020

January 15, 2021/Cordros Report Nigeria’s headline inflation maintained its upward trajectory, as it expanded by 86bps in December 2020 to 15.75% y/y (November: 14.89% y/y) – the highest level since November 2017. We note that the inflation print is broadly in line with our estimate of 15.74% y/y. On a month-on-month […]

FirstBank Begins the Year with an Innovative, Convenient Virtual Payment Card

January 14, 2021/FirstBank of Nigeria First of Bank of Nigeria Limited, Nigeria’s leading financial inclusion services provider has launched the Virtual Payment card, a Naira denominated debit card and digital representation of the plastic debit card. The card is designed to be linked to either a customer’s operative account or […]