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Economy

Inflation Rate to Decelerate to 15.96% in September 2017

  We expect the inflation rate (year-on-year) to drop marginally to 15.96% in September 2017 from 16.01% reported in the month of August 2017. The marginal decline in the inflation rate is largely attributed to the downward movement in food items, as well as decrease in some non-food items. Based ...

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Nigeria’s total revenue at 2.305 trillion naira as of June 2017: budget office

Nigeria had taken 2.305 trillion naira ($7.53 billion) in total revenue as of June 2017, the budget office said on Tuesday. Ben Akabueze, director of the budget office, said the sum was 91 percent of the budgetary provision for the half year in Africa’s biggest economy.       Source ...

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VP Osinbajo Says FG will Deliver on Ease of Doing Business Reforms

Yemi Osinbajo, Vice President of Nigeria         In an expanded meeting of the Presidential Enabling Business Environment Council, a new National Action Plan intended to drive the ease of doing business reforms in the country have been approved. “We restate our commitment to ensuring that we deliver ...

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Fitch Affirms Ghana at ‘B’; Outlook Stable

  Fitch Ratings has affirmed Ghana’s Long-Term Foreign-Currency Issuer Default Rating (IDR) at ‘B’ with a Stable Outlook. A full list of rating actions is at the end of this rating action commentary. KEY RATING DRIVERS Ghana’s ratings reflect the country’s medium-term growth potential and improving macroeconomic stability, which is ...

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September 2017 Headline Inflation Projected at 16.3% YoY

The latest inflation report from the NBS shows headline inflation y/y at 16.0% in August: the seventh successive slowdown. Our expectation shared with wire service polls of analysts was an uptick to 16.3% y/y. The rise in the core measure rose from 12.2% to 12.3%. Meanwhile, food price inflation was ...

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