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November 18, 2017
The National Bureau of Statistics (NBS) made available inflation figures for the month of October 2017 recently. Contrary to our earlier forecast core inflation rose from 12.12% to 12.14% in the month of October. This trend suggests that core inflation is gradually becoming more responsive to upswings, as it has experienced an uptick twice in three months.
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November 18, 2017
Today, November 18, 2017, Ndi Anambra will go the poll to elect a governor for a four-year term. The election is exceptional for many reasons. It is atypical in Nigeria’s quadrennial cycle of elections (2017 vs 2019), and it is the only state not ruled by either of the two major parties (APC and PDP).
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November 17, 2017
The bond market ended the week on a bullish note, with renewed demand from local market players taking yields lower by 5bps across the curve.
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November 17, 2017
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FMDQ Fixings Data (Delayed by 24 Hours)
as at Nov 16, 2017
Tenor Rate (%) Change (%)
O/N 6.8214 Proshare-5.57
1M 17.4957 Proshare0.07
3M 19.9197 Proshare0.01
Tenor Rate (%) Change (%)
1M 14.169 Proshare0.46
3M 16.3036 Proshare0.18
6M 18.6992 Proshare-0.25
SPOT RATE ($/N) Change (%)
329.87 Proshare0.04
November 15, 2017
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October 2017 Headline Inflation Month on Month %CH
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