THE UNITY BANK DIGEST – DECEMBER 21, 2017

Dear Subscriber,

Wow! Christmas is around the corner and everyone is in a celebration mood!

With headline inflation at 15.90%, a relatively stable exchange rate and positive GDP growth rate, this Christmas promises to be merrier than last year. The Government has more to spend and some salary arrears have been cleared. Nigeria’s trade balance also spiked by 127% to N1.23trn ($3.42bn) in Q3’17, the first time since 2014 it will exceed N1trn ($2.78bn). This is good news for the naira and your travel plans this Christmas.

For the first time in history, an African country could be participating in the Winter Olympics. Provided they finish in the top 40 in January, Nigeria’s bobsleigh team will be competing in -5 degrees in PyeongChang, South Korea.

The lifestyle section of the Unity Bank Digest features a write-up on anticipated events in 2018, such as the Winter Olympics, World Cup and the first tourist space vacation.

This holiday edition of the Unity Bank Digest examines developments in the business and social space, including the FG’s capex plans, NYSC’s new initiative and Apple’s recent acquisition.

Enjoy your read!