Summary
[Your conclusion in two short paragraphs. Lead with the finding, not the background.]
Data and Method
[Which series you used, the period for each governorship, and how you measured each variable. State any adjustments.]
Policy Rate and Inflation
[Compare the monetary policy rate, headline inflation and the resulting real rate across both periods.]
Policy Rate and Headline Inflation
SAMPLE DATA: illustrative values only. Replace with CBN and NBS series.
Source: [Central Bank of Nigeria; National Bureau of Statistics]
View the data
| Year | Monetary Policy Rate | Headline Inflation |
|---|---|---|
| 2017 | 10% | 14% |
| 2018 | 11% | 13% |
| 2019 | 12% | 12% |
| 2020 | 12% | 14% |
| 2021 | 13% | 16% |
| 2022 | 15% | 19% |
| 2023 | 18% | 24% |
| 2024 | 22% | 30% |
| 2025 | 24% | 26% |
| Measure | Emefiele Era | Cardoso Era |
|---|---|---|
| Average MPR | [x]% | [x]% |
| Average Headline Inflation | [x]% | [x]% |
| Average Real Policy Rate | [x]% | [x]% |
Exchange Rate and Reserves
[Compare the official and parallel rates, the spread between them, and gross external reserves.]
What It Means for Valuations
[Translate the macro picture into the inputs an analyst uses: the risk-free rate, cost of capital and FX assumptions in a DCF.]
Sources
Central Bank of Nigeria statistical bulletins and MPC communiqués; National Bureau of Statistics CPI releases, [periods].