Nigeria: Swan song for Emefiele as Tinubu prepares to take office
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The CBN hiked by 50bps yesterday to 18.5% in what could be the last MPC meeting for Governor Emefiele
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Incoming President Tinubu takes office on 29th and expectations will be high for first 100 days in office
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Failure to quickly liberalise FX rate and remove fuel subsidy would bode ill for reform prospects; retain Buy on credit
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This report is independent investment research as contemplated by COBS 12.2 of the FCA Handbook and is a research recommendation under COBS 12.4 of the FCA Handbook. Where it is not technically a research recommendation because the subject of the research is not listed on any European exchange, it has nevertheless been treated as a research recommendation to ensure consistent treatment of all Tellimer's research. This report has been produced by the analyst(s) named above (the "Analyst").
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