Proshare Logo
   Market Date: 21-11-2013   
Agriculture All One Min News Archives Bonds Cap Mkt Sentiments Capital Market CASHLESS NIGERIA Corporate Earnings Daily & Weekly Market Updates Enterpreneurship ETFs Forex Frauds & Scandals General Global Market Insurance Investors NewsBeat Islamic Finance Mergers & Aquisitions Money Market Mortgage Mutual Funds Nigerian Economy Oil Sector Opinions and Analysis Pensions People Politics Power Products & Services Professionals Property Public Offers Private Placements Regulators REITs STOCKPICKS Taxation Telcos Travel & Tours Unlisted Stocks World of Business

Nigerian Economy

  1. Value of Asset Management explored at 3rd FBN Capital Conference


    Asset Management is critical to National development, as it unlocks and unbundles the potentials for growth in an economy. This formed the discourse for the second day of 3rd Annual Investors conference, which created the platform for key players in the i
  2. Output growth rebounds – Non-oil sector remains key driver


    Nigeria’s gross domestic product expanded by 6.81% y/y in the third quarter of the current fiscal year, up by 63bps from 6.18% recorded in the second quarter and 33bps higher than the 6.48% posted in the corresponding quarter of 2012 (fig.1).
  3. President GEJ to meet with International Investors Council in London


    President Goodluck Ebele Jonathan will leave Abuja early Wednesday for London where he is scheduled to preside over a three-day meeting of Nigeria’s Honourary International Investors’ Council.
  4. Iweala, Aganga assure on Nigeria's economic viability at 3rd FBN Capital Conference


    The 3rd edition of the FBN Capital Conference at Intercontinental hotel,Lagos commenced today with the focus on 'Tomorrow's Nigeria through Economic empowerment'. In his opening remarks the MD/CEO of the FBN Capital a subsidiary of FBN holdings Mr.
  5. Nigeria's Real GDP grows by +6.81% in Q3 2013


    On an aggregate basis, the economy when measured by the Real Gross Domestic Product (GDP), grew by 6.81 percent in the third quarter of 2013. This was higher than the 6.18 percent recorded in the second quarter of 2013 and 6.48 percent recorded in the cor
  6. Budget2014: Presidency Postpones Presentation to NASS


    Planned presentation of Budget2014 to the NASS by President Goodluck Jonathan postponed again as Presidency looks to resolve difference on crude oil benchmark.
  7. Inflation sustains downtrend but what import for near-term monetary policy


    Headline inflation for October came in 20bps below the preceding month at 7.8%, with the latest moderation putting current reading at a five-and-a-half year low. However, MoM change was flat from the preceding month for the CPI basket and also little chan
  8. Nigeria does not have 100 Million Destitute – Chief Economic Adviser


    We have read with utter dismay the statement by World Bank Country Director, Marie-Francoise Marie-Nelly that 100 Million Nigerians are living in destitution or extreme poverty. This spurious claim is astonishing on a number of levels.
  9. Impact of the Global Financial Crisis on the Nigerian Economy


    It was H2 2007; the global economy and financial system was riding on a bubble, this is despite the ominous signs of financial distress which economic managers and policy makers were too eager to pass it off as a slight blip. The Nigerian economy was also
  10. Designing an Effective Monetary Policy for Nigeria: A Case for Dual Mandate


    There is a lively debate going on in the world of central banking today. The focus of the debate has centered mainly on the following: Should central banks have a single explicit mandate of price stability or a so called dual mandate of price stability
  11. Reps approve 2014-2016 medium term expenditure framework


    Abuja – The House of Representatives on Thursday in Abuja approved the 2014-2016 Medium Term Expenditure Framework (MTEF) and Fiscal Strategy Paper (FSP).
  12. Inflation dips below 8% mark… first since March 2008


    National Inflation Performance: Headline Inflation, the measure of aggregate consumer prices in the economy, slowed for a third consecutive month, to 7.8% year-on-year in October 2013, 20 basis points lower than 8.0% in September and lowest since March 20
  13. Composite Price Index drops to 7.8% in October 2013; points lower to 8% recorded in September


    In October, the Consumer Price Index (CPI) which measures inflation rose by 7.8 per cent year-on-year, 0.2 percentage points lower from 8.0 percent recorded in September. Rates recorded in October indicate a continually downward trend for the 10th consecu
  14. MPC Meeting: Considerations and Policy Options


    The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) is expected to hold its sixth meeting for the year 2013 between Monday, November 18 and Tuesday, November 19, 2013. It is expected that the MPC will ponder on the state of the global
  15. Monthly Economic & Market Review: October in Retrospect


    The IMF passed a message in its latest update on global economic health check- ‘transitions and tensions’- noting that global growth is in low gear and downside risks persist even as activity is expected to strengthen moderately. The downside risks was ba
  16. Nigeria Postpones Budget Speech to November 19, 2013


    Nigeria's parliament postponed President Goodluck Jonathan's budget speech in which he's expected to propose spending limits as revenue falls in Africa's largest oil producer.
  17. Headline Inflation set for a 3rd month decline to 7.79%: Farm Harvest doing the wonders


    The National Bureau of Statistics (NBS) is expected to release the national headline inflation figure for October on November 18, the same day the MPC meets to discuss monetary policy issues. FDC’s forecast for October indicates a further decline in headl
  18. Hand Over of Power Plants - Don’t Sell that Generator Yet


    The assets of the Power Companies have now been finally transferred to their private owners. In view of the teething problems and the steepness of the learning curve for the new operators, we caution not to sell that generator yet (in the euphoria of the
  19. How far can Nigeria go without Plan-based MTEF and Annual budgets?


    The Minister of Finance is required by section II of the Fiscal Responsibility Act 2007 to prepare the Medium Term Expenditure Framework (MTEF) and the Fiscal Strategy Paper (FSP), for approval by the Federal Executive Council and the National Assembly ah
  20. Is Nigeria Over Borrowed?


    What does a nation consider as an excessive debt/GDP ratio? The recent news that Nigeria's debt/GDP ratio is now at 35% has renewed the argument of optimal debt level.
  21. Why the new automotive policy is driving on empty


    Salon cars soon to be manufactured in Nigeria!!! - This is the vision of the Minister of Trade and Investment- Dr. Olusegun Aganga who first announced the new automotive policy for Nigeria.
  22. CPI Update - The watching game


    As anticipated, the Consumer Price Index (CPI) remained restrained in September standing at 8.00% YoY as against 8.20% YoY for August. Indeed, inflation has continued the downtrend since slipping off the double-digit wagon in January 2013. In line with ou
  23. Consumer Price Index drops to 8.0% in September 2013


    In September, the Consumer Price Index (CPI) which measures inflation rose by 8.0 per cent year-on-year, 0.2 percentage points lower from 8.2 percent recorded in August. The year-on-year rate for the Headline index continues to trend downwards from the 9.
  24. Possible US default, how worried should Nigeria be?


    In what now appears to be a recurring theme since 2011, political tussles between the Democratic president Barack Obama and the Republican led Congress have re-emerged in the guise of recurring fiscal squabbles as a fall out of the initial debt ceiling fa
  25. Nigeria’s September 2013 Inflation Figures - Expectations


    The National Bureau of Statistics (NBS) is expected to release the inflation figure for the month of September 2013 on October 17, 2013 based on the 2013 Data Release Calendar available on the Bureau’s website as at the time of this report.
  26. FBN Capital conference proffers ways to unlock Nigeria's growth potential


    Nigeria's potential can be unlocked through sustained infrastructure growth and development, even as the nation continues to seek the transformation of the power sector through public private partnership initiatives, Mr. Kayode Akinkugbe, Managing Directo
  27. "Lean season" outcomes reinforce structural break in inflation patterns


    In our last update, midway through the typical “lean season” in the middle third of the year, we highlighted the long-term declining trend in both the levels of average inflation in this window as well as its overall contribution to annualised price infla
  28. Nigeria ranks 120th out of 148 countries on the Global Competitiveness Index


    Nigeria ranked 120th out of 148 countries on the Global Competitiveness Index (GCI) 2013-2014, representing a five-place drop from 115th position last year. With the ongoing efforts to diversify the economy from oil dependency, the increase in foreign dir
  29. CHINA and AFRICA: Slowing demand for raw materials will not derail African economies


    Africa has done well out of China’s economic rise. Twenty years ago, its exports to China were negligible. Today China is Africa’s biggest trading partner. Around $200bn worth of goods moved between the two last years and almost all the stuff shipped from
  30. Nigeria and Brazil: Brothers in Trade


    As part of its objective to diversify its economy from oil, Nigeria seeks to increase trade in other commodities. Recently, Nigeria signed a bilateral agreement with Brazil covering areas such as agriculture, electricity, culture, education, and aviation.
  31. A sluggish home market is pushing South Africa’s big retail chains northward


    A short drive along Cairo Road, a clogged artery that runs through Lusaka, the capital of Zambia, affords a glimpse of the progress South Africa’s big grocery chains have made in the rest of Africa. The rather dowdy Shoprite store situated on the busy mai
  32. Nigerian Consumer Sector Report - Looking Beyond the Headwinds


    Nigerian FMCG companies have contended with headwinds such as security issues and depressed discretionary spending over the past 18 months. In relative terms, the discretionary goods manufacturers have experienced more pronounced declines in sales volume,
  33. Inflation grinds lower as food supply initiatives materialize


    Headline inflation declined 50bps (YoY) and 29bps (MoM) to 8.2% (a five year low) and 0.25% respectively in August as YoY Core inflation climbed for the second consecutive month, rising 60bps to 7.2%. The MoM reading was also 10bps higher than the July re
  34. Nigeria In Focus


    According to a Nigerian Bureau of Statistics (NBS) report released recently, the Nigerian economy shrunk in Q2 13 compared to Q1 13 and Q2 12. The nominal GDP for the Q2 13 was estimated at N9,115.30 trillion; lower than the N9,840.20 trillion and N9,49
  35. Aganga, Adesina to speak at the 2nd EU-Nigerian Business Forum


    Minister for Trade, Investment and Industries Mr. Olusegun Aganga and his counterpart in Agriculture Dr Akinwunmi Adesina are slated to participate in two separate panel sessions in the 2nd EU-Nigeria Business forum, scheduled for the 3rd and 4th of Oc
  36. Macroeconomic Update: Naira Trending towards 2015


    Over a 19 year period from 1980 to 2000, the naira depreciated by N101.50 (to N102.10/US$) when compared with N0.6/US$ it traded as at 1981. Not even the Structural Adjustment Programme (SAP) introduced in 1985 could have predicted this precipitous slid
  37. Inflation eases to 8.2% in August 2013


    In August, the Consumer Price Index (CPI) which measures inflation rose by 8.2 per cent year-on-year, 0.5 percentage points lower from the 8.7 percent recorded July.
  38. Q2 GDP slows markedly amid data discrepancy - what gives?


    The NBS recently reported that Nigeria's GDP grew an uninspiring 6.18% YoY in Q2 13, falling 21bps and 38bps short of the corresponding figures in Q2 12 and Q1 13 respectively. This would be the lowest reading since Q1 09 and first time in 6 years where Q
  39. Nigeria’s External Trade stands at N5,341.1bn in Q2 2013


    The total value of Nigeria’s external merchandise trade amounted to N5, 341.1 billion in the second quarter 2013, an increase of N242.3 billion or 4.8% from N5,098.9 billion recorded in the previous quarter.
  40. China's Export Growth - a Coincidence?


    Prior to July 13, with nine consecutive quarter growth lull and a massive cash crunch in June, it seemed like China had fallen into eternal doldrums of economic downturn. Unexpectedly in August, China seemed to have beaten the odds with a surprisingly fir


Latest News

About Us

Who We Are
Our Team & Partners
Corporate Governance
Advertise with Us
Subscribe / Unsubscribe
Site Map
News Feed - RSS
Newsletter
Contact Us
Message from CEO
Resources

News & Features
The Analyst / Market Data
Investor Relations Portal
The Regulator
Economy & Politics
WebTV
Training Portal
Events Calendar
NewsStands - Online Reputation
Personal Finance

Products and Services

Research & Market Intelligence
Analyst Services
Offers & Rights Support Service
Investor Relations Services
Alert & Subscription Services
Share Support Services
Proshare Consult
Event & Seminar Coverage
Market Directory
File a Complaint
News & Analysis

#1minNews
News from TheANALYST
Video News from WebTV
Money Market Updates
Opinions & Analysis
Nigerian Economy
Market Data
The Regulator
Newsletters
Discussion Forum
Policy

Subscriber Agreement
Privacy Policy
Data Policy
Disclaimer
Copyright Policy
Trademarks
Comments in Site
Advertising Code
Conflict of Interest
Content Partnership
3rd Parties

Online Trading and Execution
Training
Legal Support Services
Web/Technology Services
File a Complaint