[vc_row][vc_column][vc_column_text]The CBN has finally allowed you to purchase your personal travel allowance and pay for international school fees and medical bills through the banking system.<\/p>\n
Unity Bank is glad to process your application speedily and conveniently.<\/p>\n
In the mean time, the recently released GDP growth figures of (-1.3%) have confirmed what many economists had predicted. The consensus was that the economy would go through a U-shaped painful recovery from its current recession.<\/p>\n
After 3 quarters of increasing negative growth, Q4 2016 witnessed an improvement to -1.3% from -2.24% in Q3 2016. This is great news, as it suggests that Nigeria is now at a point of inflection.<\/p>\n
The improving growth, combined with an appreciating naira, will form part of the considerations for the next monetary policy committee meeting. If inflation data shows a slight decline, the committee may be encouraged to move to a more accommodative stance.<\/p>\n
This edition of the Unity Bank Digest provides further analysis of the current economic picture alongside lighter topics such as the 89th\u00a0Oscar Awards and tips on how to read more.[\/vc_column_text][\/vc_column][\/vc_row][vc_row][vc_column]