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Nigeria: CBN Reports Q4 Negative Consumer Expectations allafrica.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from allafrica.com Daily Mail and Mail on Sunday newspapers.
Vanguard News CBN reports Q4 negative consumer expectations On ECONOMY The Central Bank of Nigeria (CBN) has reported a negative consumer expectations in its fourth quarter 2020 Consumer Expectations Survey (CES). The survey report stated: “Consumers’ overall outlook was negative in the current quarter, as consumers were pessimistic in their outlook. However, consumers have a positive outlook for the next quarter and the next 12 months. “Majority of consumers believe that the next 12 months would not be an ideal time to purchase big-ticket items like motor vehicles and house & lot. “Most respondents expected the naira to appreciate, inflation rate to rise and borrowing rate to rise in the next 12 months.” ....