Q1 2021 GDP was reported on Sunday evening and showed the growth rate at 0.51% year-on-year (y/y). This was better than the 0.11% y/y growth of Q4 but Q1 2021’s non-oil growth was actually slower than Q4 (+0.79% y/y against +1.69% y/y).  Although the Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) …