Investor Presentaiton

XCELLON CAPITAL ADVISORS PEOPLE + IDEAS + SOLUTIONS High inflation, high interest rate and high exchange rate As of January 2023, the CBN in its efforts to restrain inflation through monetary tightening has further raised the Monetary Policy Rate (MPR) by 100 basis points to 17.5 per cent from 16.5 per cent (Vanguard). Nigeria's inflation rate as of December 2022 is 21.34, down slightly from a 17-year peak of 21.47% in the prior month (CBN) ► The Naira exchanges for USD at an official rate of 460.54/$ and about 745/$ at the black market (ngnrate). OVERVIEW OF THE ECONOMIC CLIMATE IN NIGERIA. 4 © 2023, Xcellon Capital

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