Monthly Financial Market Update – September 2023
Global Macroeconomic Review Among major headlines, the global crude oil market was at the spotlight for the most part of September. The OPEC+ giants, Saudi Arabia and Russia, announced voluntary oil production cuts totalling 1.3mbpd till the end of the…
Monthly Financial Market Update – August 2023
Global Macroeconomic Review The global financial landscape in August was marked by significant developments and challenges. At the outset of the month, USD-dominated assets experienced a downturn due to Fitch Ratings’ downgrade of the US debt…
Monthly Financial Market Update – July 2023
So far, the Fed has raised policy rate by a cumulative of over 500bps since early 2022...
Monthly Financial Market Update – June 2023
Global Macroeconomic Review In the early period of June, the World Bank revised global GDP growth rate for 2023 from 1.7% predicted in January, to 2.10%. The World Bank expects the greater-than-expected resilience felt in the economy to dissolve out…
Monthly Financial Market Update – April 2023
Macroeconomic Review Nigeria’s Inflation-Reflecting the known reality Nigeria’s inflation for March 2023 rose to 22.04% Y-o-Y (Est. +21.80%), an increase of c.0.13% from 21.91% Y-o-Y recorded in February 2023. Moreso, headline inflation printed higher at…
Monthly Financial Market Update – March 2023
Macroeconomic Review Nigeria’s Inflation – Annual headline inflation nudged higher Nigeria’s annual inflation rate increased to 21.91% in February 2023, up from 21.82% the previous month and beyond market expectations of 21.85%. Food prices, the…
Monthly Financial Market Update – February 2023
Macroeconomic Review Nigeria’s GDP- The Silver Lining? The Africa’s largest economy posted a real gross domestic product of N21.04 trillion, depicting 3.52% growth for Q4 and 3.10% growth for 2022, as revealed by the National Bureau of Statistics.…
Monthly Financial Market Update – January 2023
Macroeconomic Review Nigeria’s inflation – About time for “law of gravity”? After the sustained increase in Nigeria’s inflation for the most part of 2022, Dec’2022 inflation turned out to be an outlier, as the National Bureau of Statistics reported…
Monthly Financial Market Update – December 2022
Macroeconomic Review Inflation continues to blow hot in the Nigerian Economy, dampens yuletide celebrations Nigeria’s inflation for November 2022 quickened to 21.47% Y-o-Y (Est. +21.30%), an increase of c.0.38% from 21.09% Y-o-Y recorded in October 2022.…
Monthly Financial Market Update – November 2022
Macroeconomic Review Q3:2022 growth numbers for Nigeria and sustained hawkish CBN amid mounting inflationary pressures The Nigerian economy grew by 2.25% Y-o-Y (Est. 2.90%) in the third quarter of 2022 (vs 3.54% and 4.03% recorded in Q2:2022 and Q3:2021…
