THE UNITY BANK DIGEST – MARCH 17, 2023

Dear Subscriber,

Standout as an employee

Standing out can’t be done overnight. Getting the recognition, you desire at work takes extra effort, dedication, and implementation of key workplace strategies. So, to achieve your professional goals (promotion, building networks, or leadership), you must do what it takes to stand out! Thankfully, this Unity Bank digest’s lifestyle section provides critical steps to help you stand out at work.

Headline inflation rises despite Naira scarcity

Against analysts’ expectations, headline inflation rose to 21.91% in February due to higher food prices. The 0.09% marginal increase reflects the impact of the Naira scarcity on consumer purchasing power. Business activities also slowed in the month due to the cash effect, evident in the 16.45% decline in the purchasing managers’ index for February to 44.7 points. Meanwhile, the old and new denominations remain legal tender. This could be reflected in March’s inflation figure, which is expected to increase slowly due to price pressures.

MPC to meet on Monday 

The MPC is now likely to maintain the status quo because of the uncertainty surrounding the impact of the financial tremor from the Silicon Valley Bank collapse and the Credit Suisse crisis on the global financial system’s stability.

In this edition of the Unity Bank Digest, we provide you with a healthy dose of economic, lifestyle, and entertainment stories.

Please enjoy your read!