Dear Subscriber,

Extinguishing Burnout

There is a common misconception that burnout is the inevitable cost of success. Well, this notion has been thoroughly debunked. In a bustling city like Lagos, where achievement thrives on relentless drive and nonstop hustle, it is quite common for one to burn out easily. But you don’t have to! Take time out to relax, catch your breath, and take a break. In the words of Michael Gungor, an American singer-songwriter, “Burnout is what happens when you try to avoid being human for too long.” The lifestyle section of this edition of the Unity Bank digest serves as a guide to combating the silent menace of burnout in our everyday lives.

En garde: The naira fights back, but not quite

The naira has appreciated for 6 days, beginning on February 22. The currency gained 24.35% to N1,540/$ on March 1 from a record low of N1,915/$ on February 21 at the parallel market. Though rebounding slightly, the naira remains one of the worst-performing currencies against the US dollar so far in 2024. The currency has shed 22.10% of its value year-to-date, and the official rate remains 45% below its PPP value of N878.91/$. Moreso, with the 400bps hike in the country’s MPR to 22.75%, inflationary pressures are likely to be tamed in the near term. A lower inflation rate will strengthen the naira further and support its appreciation trend.

This edition of the Unity Bank Digest provides a comprehensive analysis of these economic trends and engaging lifestyle and entertainment stories for your reading pleasure.

Enjoy your read!