Global uncertainty lingered in May, though things stayed relatively calm, with signs that June could bring fresh volatility. Still, the Naira held steady in the FX market, helped by some timely support from the CBN in the market and effects of uncertainties over the value of the US Dollar in the global market. Inflation cooled slightly to 23.71% in April from 24.23% in March, thanks to lower food and core components of the index. Given this, the Monetary Policy Committee (MPC) decided to keep the Monetary Policy Rate (MPR) unchanged at its May meeting.

Explore the full report for deeper insights into these trends and their implications for investors.

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