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Currency Devaluation Vs Depreciation: The Big Difference

Devaluation and depreciation are two different economic and financial terms that are wrongly used interchangeably. A clear-cut understanding of the difference between both terms would provide a better guide on their usage. Devaluation occurs when a country makes a conscious...
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9M’21 EARNINGS UPDATE: United Bank for Africa (UBA)

Interest segment sustains resilience. The remarkable performance in UBA’s topline was sustained in the 9M’21 reporting period, as the bank was able to simultaneously increase the Interest income in addition to the Gross Earnings while moderating the interest expense. Interest...
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WEEKLY MARKET UPDATE

Local Economic Updates Last week, the Petroleum Products Marketing Company (PPMC) estimated that the annual subsidy on Premium Motor Spirit (PMS) could soar as high as N2.9 trillion by the end of the year thus making it increasingly obvious that the...
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NIGERIA’S INFLATION REPORT – SEPTEMBER 2021

The Consumer Price Index (CPI)/Headline Inflation/All Item Index The Consumer Price Index (CPI), which measures inflation rose by 16.63% Year-on-Year (YoY) in Sept’21. This is 0.38% lower than the rate recorded in Aug’21 (17.01%). The headline inflation rate eased for...
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