For a few years now, Nigerian investors grew accustomed to high inflationary environments which came with high yields, however recent inflation figures indicate that tides might begin to change. Nigeria’s headline inflation has been on a disinflationary trend for most of this year, dropping to 22.97 percent in May, from 24.48 percent in January. This was largely driven by the rebasing of the figures, decline in petrol prices, and stability of the naira. Analysts expect that this disinflationary trend continues. Cardinaltone, in a recen
For a few years now, Nigerian investors grew accustomed to high inflationary environments which came with high yields, however recent inflation figures indicate that tides might begin to change. Nigeria’s headline inflation has been on a disinflationary trend for most of this year, dropping to 22.97 percent in May, from 24.48 percent in January. This was largely driven by the rebasing of the figures, decline in petrol prices, and stability of the naira. Analysts expect that this disinflationary trend continues. Cardinaltone, in a recen