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📈 It is no surprise as local CPI figures stands at *18.6%* y-o-y bouyed by global food prices. The thoughts on everyone's mind is _Nigeria, which way.
In this newsletter we explore the state of inflation globally and on our shores;
🇳🇬 The Nigerian, economy has not been able to take advantage of #energy price hikes in the global markets.
#oilandgas production has declined from 2 mb/d in 2015, to 1.2 mb/d in 2022, considerably below its production capacity…
This coupled with the increased cost incurred in importing PMS and other refined #crudeoil products further exacerbates the FX supply to and inflow within the local economy. Creating a Forex shortfall, further contributing to the spike in Parallel market rates (N 615/$1 ).
Fintechs have attracted the most amount of #venturecapital funding over the last 2 years and Africa has played a pivotal role in creating value globally.
https://t.co/oo4ELPwaqa
Inflation is likely peaking now, according to Jeremy Zirin, senior portfolio manager and head of private client U.S. equities at UBS Asset Management https://t.co/P908tQJhNp
On this cool Friday, let's talk about FGN's Budget of Economic growth and Sustainability!
Enjoy. Subscribe to out newsletters to get more gist like this every week.
Join us as we would be donating books to the students of Bola Ige Millennium School.
To assist with this project, you can donate funds to:
FPNBOOKCLUB Account No: 5400610477
Providus Bank
#bookclub#donate#finpronetwork
It is a well known fact that a lot of children who go to school live from hand to mouth and it's usually always very difficult to pay their fees.
The United Nations has made it known that 70% of children in Government Schools in Nigeria, have one book for more than five..
subjects.
Unfortunately, only few people can afford to get books recommended by the school.
The Finance Professional Network would like to tackle some of these issues by doing our part in building future leaders.
She has lent her voice and personality to numerous social impact projects, due to her unwavering belief in the SDGs mantra of not leaving anyone behind.
#WCW#Finance#FPN#FinProNetwork
Anita Erskine is the Managing Director at Anita Erskine Media. She is a bilingual (English and French) Strategic Communications Specialist and Broadcast Journalist, a Specialized Compère and TV Producer.
In 2020, she joined the Africa Netpreneur Prize Initiative – Jack Ma Foundation’s flagship philanthropic entrepreneur program for African Entrepreneurs, as Host and Advisor.