Nigeria’s Inflation Eases to 21.9% in July, But Monthly Pressures Persist
Global Macro Highlights U.S. Inflation Steadies at 2.7% in July, Core CPI Climbs to 5-Month High According to the Bureau of Labour Statistics, U.S. CPI held at 2.7% YoY in July, rising 0.2% MoM (vs. 0.3% in June), driven mainly by shelter costs (+0.2%). Food inflation stayed at 2.9% YoY, while energy prices fell further […]
Nigeria’s Private Sector Expands Further in June, Led by Agriculture and Stable FX
Global Macro Highlights U.S. Trade Deficit Widens Sharply in May Amid Export Decline According to the U.S. Bureau of Economic Analysis, the U.S. trade deficit widened by 18.7% in May to USD71.50bn from USD60.30bn in April. This increase was driven primarily by a sharp drop in exports and a correction in earlier import surges. A […]
Nigeria Deposit Insurance Corporation (NDIC) Has Declared a Significant Raise in the Maximum Insurance Coverage
Most firms have set up a war room to triage their immediate response to the crisis. But the lack of visibility around future demand complicates efforts to restart stalled portfolio companies…